Multifamily Acquisition Opportunity | The Lux of Lafayette | 128 Units
$10,500,000
317 Guilbeau Rd, Lafayette, LA 70506
9,492 sqft
Building Size
6.75 acres
Lot Area
Details:
Highlights:
- (50) 3 Bed / 2 Bath, (50) 2 Bed / 1 Bath, (28) 1 Bed / 1 Bath
- Built in 1970 - Renovated 2025
- $1.4 Millon-dollar recent capital expenditures
- ±6.75 Acres
- Renovations include ceiling fans, a modern paint scheme, hardware, LVP flooring, granite countertops, goose neck faucets, fixtures, stainless steel appliances, painted cabinets, and low flow toilets, picnic area, laundry facility and playground
Description:
The Lux at Lafayette went through an extensive $1.4M renovation and lease up in 2025. Through this transformation process the property produced an NOI of $533,313. Based on the current rent roll and expenses the property management company budgets the 2026 NOI at $820,864.
The job growth in the area has surged leasing success with recent announcements including transformative projects such as First Solar’s $1.1B AI-powered solar facility, the BioInnovation Accelerator, and the emerging drone technology and advanced manufacturing hubs—all generating thousands of new jobs.
The location places residents just minutes from employment centers, convenient shopping, dining, and entertainment. River Marketplace featuring Lululemon, Sephora, Topgolf, and Costco, Acadiana Mall, and the upscale Parc Lafayette are all close by. The residents enjoy quick access to the University of Louisiana at Lafayette, major hospitals like Ochsner Lafayette General, Our Lady of Lourdes, and Lafayette Regional Airport.
This property is located in Lafayette, LA.
Documents:
| Title | ||
|---|---|---|
| Offering_Memorandum_317_Gilbeau_compressed.pdf |
Location
Gallery
