Address
403 S Buchanan, # 7 Lafayette, LA
Price
$ 259,000
Property Attributes
  • MLS#15304584
  • TypeSingle Family
  • ParishLAFAYETTE
  • CityLafayette
  • AreaG3
  • NeighborhoodOld Corporation
  • Zip70501
  • StyleContemporary
  • Price$ 259,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1200
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 $259,000

General Features

Appliances Cooktop - Electric, Dishwasher, Refrigerator
Area G3
Construction Brick
Cooling Central Air
Financing Cash, Conventional
Flooring Wood
Full Baths 1
HOA Fee 220.00
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 7
Utilities Elec: City
Zoning CBD

Interior Features

Interior Features 9+ Ft Ceiling, All Window Treatments
SqFt - Living 1200.00

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
AVG $190K
$260K
Visits
AVG 68
22
Walkscore
AVG 45
89
Data Provided by Walkscore ® not using MLS data

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