327 General Mouton, Lafayette, LA 70503

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Very Rare Find! Investment opportunity only 2 Blocks from University of Louisiana and Martin Hall. 16 unit complex at 327 General Mouton 2 blocks from campus and a 8-plex at 600 E university .3 miles away from campus. UL is growing every year with a Fall 2013 total enrollment of 18,235. Not often do complexes this size come on the market this close to the 2nd largest University in the state. 327 General Mouton is comprised of 16 1 bed 1 bath apartments that rent for $580/m. 600 E University is comprised of 4 1/1 bed/bath that rent for $580/m and 4 2/1.5 bed/bath that rent for $750/m. $175,200 gross income annually at 100% occupancy. Total Expenses $61,370. Tenant pays inside electricity, cable and internet and Owner pays for outside electricity, trash, water and sewer. Units rent very quickly and easily. Contact Listing Agent for more details.