TWO income producing properties for the price of one that more than meet the 1% rule of real estate investing! 506 AND 506 1/2. Income producing main house and an additional garage apartment in the backyard with its own rear access! Main house (1163 SF) is vacant but was bringing in $750/ month. Main house got a new roof in 2017 and a new A/C condenser in 2019. The back garage apartment (372 SF) is tenant occupied and is currently bringing in $325/month. Total income potential is at least $1075 as is. All appliances will remain with the homes and sold as is.
Off market
$74,300
506 Elizabeth Ave, Lafayette, LA 70501
2beds
1,535sqft
SingleFamily
Built in 1860
1,751 Square Feet Lot
$74,300 Zestimate®
$48/sqft
$923 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced air, Gas
Cooling
- Central
Appliances
- Included: Range / Oven
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Crown Molding
- Flooring: Tile, Carpet, Linoleum / Vinyl
- Windows: Some Window Treatments
Interior area
- Structure area source: Appraiser
- Total interior livable area: 1,535 sqft
Property
Features
- Entry level: 1
- Patio & porch: Porch
- Exterior features: Vinyl
- Fencing: Partial, Chain Link
Lot
- Size: 1,751 sqft
- Features: Level
Details
- Additional structures: Second Residence
- Parcel number: 6078785
- Zoning: RES
- Zoning description: res
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
Materials
- Roof: Composition
Condition
- Year built: 1860
Utilities & green energy
- Electric: Elec: City
- Gas: GAS: Atmos
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Lafayette
Other
Other facts
- FoundationDetails: Pillar/Post/Pier
- Sewer: Public Sewer
- WaterSource: Public
- Flooring: Carpet, Vinyl Tile
- Zoning: RES
- HeatingYN: true
- Utilities: Cable Available
- CoolingYN: true
- ConstructionMaterials: Frame, Vinyl Siding
- CurrentFinancing: Conventional, Cash
- Roof: Composition
- LotFeatures: Level
- ArchitecturalStyle: Traditional
- EntryLevel: 1
- Fencing: Partial, Chain Link
- CoveredSpaces: 0
- Cooling: Central Air
- OpenParkingYN: true
- BuildingAreaSource: Appraiser
- LivingAreaSource: Appraiser
- PatioAndPorchFeatures: Porch
- LaundryFeatures: Washer Hookup, Electric Dryer Hookup
- StructureType: House
- ExteriorFeatures: Lighting
- Heating: Central
- InteriorFeatures: Crown Molding
- ParkingFeatures: Open
- ZoningDescription: res
- OtherStructures: Second Residence
- Gas: GAS: Atmos
- Appliances: Gas Stove Con, Range/Oven - Gas
- Electric: Elec: City
- WindowFeatures: Some Window Treatments
- MlsStatus: Pending
Services availability
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