LILA PLACE
Lila Place is a Class C multifamily asset in Lafayette, Louisiana, offered at a price available upon request with $304,341 in annual NOI. The 41,239 SF property comprises two buildings on 1.66 acres along South College Road, a primary residential corridor with convenient access to major employment centers, retail, healthcare, and the University of Louisiana at Lafayette.
Built in 1961, the complex is currently 92% occupied and features professional on-site management and maintenance. The property presents a value-add opportunity through operational enhancements and rent optimization to align with competing market assets. Parking includes 86 spaces, and the community is pet-friendly with a range of amenities supporting resident retention.
- Two-building multifamily complex with $304,341 NOI
- 92% occupied with clear value-add upside through rent optimization
- Pet-friendly community with on-site management and maintenance
- Amenities include pool, dog park, laundry facilities, and BBQ/picnic area
- Strategic location near University of Louisiana at Lafayette, major employers, and retail
- 1.66-acre site with 86 parking spaces
More property details
Features & amenities
Location
Lila Place presents a compelling value-add opportunity to acquire a well-positioned multifamily asset in one of Lafayette’s most established residential corridors. Located along South College Road, the property benefits from convenient access to major employment centers, retail destinations, healthcare facilities, and the University of Louisiana at Lafayette, supporting consistent rental demand. With opportunities to enhance operations, improve property performance, and align rents more closely with competing assets in the market, investors have a clear path to increasing revenue and overall asset value. Lila Place offers the opportunity to capitalize on Lafayette’s stable multifamily fundamentals while executing a strategic value-add investment plan.
- Laundry Facilities
- On-Site Maintenance
- Bike Racks
- Pool
- Off Street Parking
- BBQ/Picnic Area
- Courtyard
- Pet-friendly community
- Professional on-site management & maintenance