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114 Hummingbird Lane B-D, Lafayette, LA 70506

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For Sale

$283,000

2,000 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $141.50
    Price per square foot

Explore this Property

Fully occupied Lafayette quadplex delivering strong returns with built-in rental upside. Two units were recently updated with fresh paint, and one received all new flooring; another already features newer laminate floors. Current rents of $750, $775, and two at $850 position the property for clear growth, with the remaining units eligible for increases in Spring 2026 to bring all four to $850/month.At current income and expenses (including landlord-paid water, trash, taxes, and insurance), the property performs at an approx. 10.7% CAP rate and 19.25percent cash-on-cash return with 25% down. Once stabilized at $850 per unit, returns improve to an approx. 11.53% CAP and 21.9% CoC. Straight-line depreciation (85/15 split) in a 25% bracket produces an estimated 22% effective Year 1 return.Investors exploring advanced tax strategies may benefit from a cost segregation analysis. Based on typical engineering allocations for similar small multifamily properties, accelerated depreciation could elevate the Year 1 return to approximately 45-50%, depending on the buyer's tax position and the results of an independent study. Buyer must verify potential benefits with their CPA or a qualified cost segregation provider.Agent is the owner and property manager and has relationships with a third-party cost segregation company who can assist buyers seeking a preliminary or full study upon request.Pro forma attached showing current numbers, stabilized projections, and tax-adjusted returns.
MLS# 2500005684

Courtesy Of Keaty Real Estate L.L.C.

(337) 235-7770

Property Features

  • Amenities
    Ceiling Fan
  • Appliances
    Dishwasher, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Ceiling Fan(s)
  • Floor Covering
    Carpet

Map and Directions

Directions to 114 Hummingbird Lane B-D, Lafayette, LA 70506

Home seller CENTURY 21 Action Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Action Realty

(337) 704-9021
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.