top of page

Buy&Hold (MULTIFAMILY): (105 UNITS) 301 BIRCH DR, LAFAYETTE, LA 70506 - Available Opportunity

Multifamily Investment Opportunity


Executive Summary for 301 Birch Drive, Lafayette, Louisiana 70506

Presenting an exceptional off-market investment opportunity in Lafayette, Louisiana. This multifamily property, featuring 105 well-appointed units, combines modern living with the charm and convenience of its prime location.

Sales Price: $9,500,000

Total Units: 105

Price Per Unit: $90,476

Current Average Rent: $884 - Excelling the 1% Rule

Year Built: 1960

Occupancy Rate: 67%

Units Requiring Preparation: 33%

Utility arrangements include common electric paid by the owner, while tenants are responsible for their own electric (metered), and water, sewer, and trash managed through RUBS. All units benefit from Electric Central heating.

Unit Mix:

  • 48 Units (1 bed/1 bath): Approx. 662 sqft, Current Rent $786, Market Rent $860

  • 9 Units (2 bed/1 bath): Approx. 840 sqft, Current Rent $915, Market Rent $975

  • 41 Units (2 bed/2 bath): Approx. 1,000 sqft, Current Rent $947, Market Rent $1,015

  • 7 Units (3 bed/2 bath): Approx. 1,100 sqft, Current Rent $1,108, Market Rent $1,125

Area Demographics - Lafayette, Louisiana: This vibrant community, nestled in Lafayette, is conveniently walkable to local shops and restaurants. The area is witnessing significant development projects, especially in the downtown area, and is experiencing substantial growth in job opportunities and population. Lafayette's market is highly favorable to landlords, with a large demand for rental housing. Rental housing accounts for 44% of all households, with an average household income of $55,329.

Project Management and Completed Capital Expenditures:

  • Interior Updates: Leasing office remodel, granite/quartz counters, stainless appliances, LVP flooring, updated lighting and fixtures, paint, smart locks on apartment doors, blinds, HVAC.

  • Exterior Updates: Gazebo/pergola, landscaping, parking lot enhancements, gutters, decking and stair repairs, perimeter fence, security system, signage, pool resurfacing and deck surround.

  • Completion Status: 74 units completed, 26 medium unit turns, 5 heavy unit turns pending.

Offer Submission: For serious inquiries and to submit offers, please contact us directly at We are looking for a reputable buyer who can close quickly, with favorable terms for those able to offer a swift closing and/or a significant down payment.

Unlock the potential of 301 BIRCH DR, LAFAYETTE, LA 70506 and make it the cornerstone of your investment portfolio. Contact us today to explore this exclusive off-market opportunity.

Aerial Map

Harvest River Partners

Eric Brinson, REALTOR and General Contractor

Mobile: 615-987-7897

*Note* You DO NOT have permission to market this property in anyway to anyone on any social media platforms, email, or direct to someone you know. You DO NOT have permission to mark up the property for your profit. If you know someone who may want to invest with us on this property contact directly to discuss. This is an off market investment opportunity.

10 views0 comments


bottom of page