Multifamily Acquisition Opportunity | The Lux of Lafayette

The Lux at Lafayette underwent a comprehensive $1.4 million renovation and successful lease-up in 2025, transforming the community into a modern, stabilized multifamily asset. Following completion of improvements, the property generated a 2025 NOI of $533,313, with management projecting a 2026 NOI of $820,864 based on the current rent roll and operating performance. Strong leasing momentum has been supported by significant economic growth in the area, including major projects such as First Solar’s $1.1 billion AI-powered solar manufacturing facility, the BioInnovation Accelerator, and expanding drone and advanced manufacturing hubs, collectively bringing thousands of new jobs to the market. Ideally located near premier shopping, dining, healthcare, and major employment centers—including River Marketplace, Acadiana Mall, Parc Lafayette, the University of Louisiana at Lafayette, Ochsner Lafayette General, Our Lady of Lourdes, and Lafayette Regional Airport—the property offers residents exceptional convenience and connectivity.