Property Description

CHARMING HISTORIC COTTAGE WITH INCOME POTENTIAL IN THE HEART OF LAFAYETTE. Built in 1933, this property offers a rare blend of timeless character, flexible living space, and PROVEN RENTAL PERFORMANCE, ideal for owner-occupants or investors seeking long-term value. Per a prior appraisal, MARKET RENTS SUPPORT APPROXIMATELY $2,825/MONTH COMBINED. Additionally, the appraisal notes the seller was generating approximately $3,550/MONTH AT THE TIME OF PURCHASE THROUGH BEDROOM LEASING, demonstrating strong income potential depending on use and strategy. Recent updates include PLUMBING IMPROVEMENTS AND A ROOF APPROXIMATELY 4 YEARS OLD. The property is located in FLOOD ZONE X, typically not requiring flood insurance. The main home features 4 BEDROOMS AND 2 FULL BATHROOMS, highlighted by original hardwood floors, built-in bookshelves, large windows, and a CLASSIC FIREPLACE THAT ADDS WARMTH AND CHARACTER. The primary suite includes a built-in sitting area with an en-suite bath, creating a comfortable private retreat. Additional bedrooms are well-sized and adaptable for guests, home offices, or rental use. A SEPARATE MOTHER-IN-LAW SUITE provides 1 BEDROOM, 1 BATHROOM, AND PRIVATE LAUNDRY, offering excellent flexibility for MULTI-GENERATIONAL LIVING OR SUPPLEMENTAL RENTAL INCOME. Additional features include off-street parking for two vehicles and a HIGHLY DESIRABLE IN-TOWN LOCATION JUST 0.7 MILES FROM UL LAFAYETTE, along with nearby shopping, dining, and local amenities. After previously being on the market, the home has been RE-POSITIONED WITH A RENEWED PRICING AND MARKETING STRATEGY, presenting a fresh opportunity for buyers to recognize the LONG-TERM VALUE, VERSATILITY, AND INCOME POTENTIAL this property offers. A UNIQUE OPPORTUNITY TO OWN A CHARACTER-RICH PROPERTY WITH MULTIPLE LIVING OPTIONS IN A PRIME LAFAYETTE LOCATION. Schedule your private showing today.

Property Features

Local Schools