Listed by Marcus & Millichap - Baton Rouge
Unpriced
Lafayette Multifamily Portfolio
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 50,520
Units 60
NOI $514,217
Occupancy 93.3%
Tenancy Multi
Year Built 2012
Year Renovated 2025
Buildings 2
Investment Type Value Add
Multifamily | 60 Units
Marketing description
The Lafayette Multifamily Portfolio is a 60-unit, two-property offering in Lafayette, Louisiana, available unpriced with owner financing. Sycamore Village (48-unit garden-style) and Parc Fontaine (12-unit, oversized 3-bedroom townhomes in south Lafayette) both benefit from a 2022-2025 capital improvement program that reduces near-term deferred maintenance and supports continued rent growth as in-place rents move toward market.
Investment highlights
- Unpriced Offering — Marketed unpriced — buyers submit market-driven proposals reflecting their own underwriting of in-place income, demonstrated market rent, and value-add execution.
- Owner Financing Available — Seller financing offered on negotiable terms — creates flexibility in today's lending environment and expands the qualified buyer pool.
- Rent Growth + Lease-Up — Significant upside through mark-to-market rent growth and lease-up of remaining vacancy against demonstrated market rent levels.
- Two-Property Portfolio — 60 total units across two Lafayette multifamily assets with diversified unit mix — 48 garden-style 1-bedrooms + 12 townhome-style 3-bedrooms.
- Sycamore Available Separately — Sycamore Village (48 units) may be acquired on a stand-alone basis. Targeted workforce 1-bedroom strategy or anchor of a larger portfolio play.
- Parc Fontaine — South Lafayette — Large 3-bedroom townhome-style units near River Ranch, Kaliste Saloom Rd, Verot School Rd & Ambassador Caffery Pkwy — south Lafayette demand drivers.
- Recent CapEx 2022–2025 — Multi-year program across exteriors, systems, and unit interiors meaningfully reduces near-term deferred maintenance concerns at acquisition.
- Property-Level Financials — Separate property-level financials provided for individual underwriting — buyers can model Sycamore and Parc Fontaine independently or combined.
Listing Contacts
Listed by Marcus & Millichap - Baton Rouge
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$514,217.00
$42,851.42/mo
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Zoning
RM-1 ResidentialMulti FamilyResidential Mixed 1
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View all 161 uses Last updated Apr 24, 2026 For deeper zoning details, reports are available at Zoneomics
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