114 Hummingbird Lane #B-D, Lafayette, LA 70506

Fully occupied Lafayette quadplex delivering strong returns with built-in rental upside. Two units were recently updated with fresh paint, and one received all new flooring; another already features newer laminate floors. Current rents of $750, $775, and two at $850 position the property for clear growth, with the remaining units eligible for increases in Spring 2026 to bring all four to $850/month.At current income and expenses (including landlord-paid water, trash, taxes, and insurance), the property performs at an approx. 10.7% CAP rate and 19.25percent cash-on-cash return with 25% down. Once stabilized at $850 per unit, returns improve to an approx. 11.53% CAP and 21.9% CoC. Straight-line depreciation (85/15 split) in a 25% bracket produces an estimated 22% effective Year 1 return.Investors exploring advanced tax strategies may benefit from a cost segregation analysis. Based on typical engineering allocations for similar small multifamily properties, accelerated depreciation could … read more …