Address
403 S Buchanan, # 2 Lafayette, LA
Price
$ 189,000
Property Attributes
- MLS#15304582
- TypeSingle Family
- ParishLAFAYETTE
- CityLafayette
- AreaG3
- NeighborhoodOld Corporation
- Zip70501
- StyleContemporary
- Price$ 189,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage889
Listing Provided Courtesy Of:
Keaty Real Estate Company
Property Description
Introducing The Buchanan Lofts! This retro-chic living space was built in a refurbished downtown warehouse, featuring 8 loft-style condominiums, located at 403 Buchanan St. Each space is unique in its floor plan and style, creating spaces as unique as the individuals who will own them. The Buchanan Lofts were the vision of sisters Leah Simon and Michelle Ezell, and Michele's husband Sean famed owners of Tsunami Lafayette and Tsunami Baton Rouge, who wanted to create an urban living space as cool and modern as the restaurant spaces they had designed and built. There has never been an offering like this before in Lafayette and this sale is expected to change the course and face of the future in the Hub City. The Buchanan Lofts are the perfect space for anyone looking for modern,contemporary living, law firms needing corporate space close to the federal courthouse, oil and gas companies needing regular housing for executives or team members in from Houston or other out-of-town offices, savvy real estate investors seeking a space that can be listed on VRBO or AirBNB. Each space will come fully furnished with modern appliances. The building will have association dues that will cover termite control, trash collection, building insurance, common area electricity, common area maintenance and cleaning, on site security cameras, and one parking space. Additional parking spaces will be available to lease at $40 a month. While there are those who will want to purchase space in the Buchanan Lofts for their residence, these spaces are also one of the most interesting investment opportunities to be presented in several years. The lofts historically average approximately a 61% occupancy rate, making this the perfect place to take part in the space-sharing craze. These Downtown units offer the unique opportunity of renting the space out on Vacation Rental by Owner (VRBO) 60% of the time and owner occupying the space 40% of the time for a very healthy return.
| Elementary School | Middle School | High School |
|---|---|---|
| Myrtle Place Elementary School | Lafayette Middle School | Lafayette High School |
| Price History | |
|---|---|
| 8/12/2020 | Listed $189,000 |
General Features
| Appliances | Cooktop - Electric, Dishwasher, Refrigerator |
|---|---|
| Area | G3 |
| Construction | Brick |
| Cooling | Central Air |
| Financing | Cash, Conventional |
| Flooring | Wood |
| Full Baths | 1 |
| HOA Fee | 200.00 |
| Heating | Central Heat |
| Hoa Includes | Ground Keeping, Insurance, Trash Disposal |
| Parking | Assigned |
| Property SubType | Condominium |
| Property Type | A |
| REO | No |
| Roof | Other |
| Status | Active |
| Stories | 2.0 |
| Street Name | Buchanan |
| Style | Contemporary |
| Subdivision | Old Corporation |
| Type | Attached Single Family |
| Unit Number | 2 |
| Utilities | Elec: City |
| Zoning | CBD |
Interior Features
| Interior Features | 9+ Ft Ceiling, All Window Treatments |
|---|---|
| SqFt - Living | 889.00 |
Exterior Features
| Foundation | Slab |
|---|---|
| Lot Dimensions | N/A |
| Mineral Rights | Reserved |
| Siding | Brick |
| Water/Sewer | Public Sewer, Public Water |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 70501
Price
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The data relating to real estate for sale on this website comes in part from the IDX Program of the REALTOR Association of Acadiana MLS. This IDX information is provided exclusively for consumer's personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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