Multifamily Acquisition Opportunity | The Lux of Lafayette | 128 Units

The Lux at Lafayette went through an extensive $1.4M renovation and lease up in 2025. Through this transformation process the property produced an NOI of $533,313. Based on the current rent roll and expenses the property management company budgets the 2026 NOI at $820,864. The job growth in the area has surged leasing success with recent announcements including transformative projects such as First Solar’s $1.1B AI-powered solar facility, the BioInnovation Accelerator, and the emerging drone technology and advanced manufacturing hubs—all generating thousands of new jobs. The location places residents just minutes from employment centers, convenient shopping, dining, and entertainment. River Marketplace featuring Lululemon, Sephora, Topgolf, and Costco, Acadiana Mall, and the upscale Parc Lafayette are all close by. The residents enjoy quick access to the University of Louisiana at Lafayette, major hospitals like Ochsner Lafayette General, Our Lady of Lourdes, and Lafayette Regional Airport.