$1,749,000

1366 Georgia Road, Lake Charles, LA 70611

  • 16,040 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2023
  • Property Lot Size Icon1.6acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $109/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

Explore this exceptional investment opportunity with 8 newly constructed duplexes on a 1.66-acre lot in Moss Bluff. This property presents a prime chance for buyers looking to enhance their investment portfolio. Each duplex features a modern, one-story design with durable Hardi-plank siding and is built on a slab foundation, offering a total of 16 units. Each unit spans 962 sq/ft and includes a 2 bedroom/2 bathroom layout with an open floor plan, washer/dryer hookups, and stained concrete floors, which are ideal for easy maintenance. The thoughtful design promotes comfortable living spaces that are highly attractive to tenants. All units are separately metered for electricity and come with covered front porches, adding to the appeal and functionality of each space. The property also boasts a new, expanded commercial sewer system capable of supporting two additional duplexes, providing significant expansion potential. Located in Flood Zone X, these properties do not require flood insurance, further enhancing their attractiveness as a low-maintenance investment. All units are leased and will need 36 hour notice for any showings. Don't miss out on this lucrative investment opportunity in a desirable location. Tenants pay all utilities so the fixed income expenses are only $550 month to include trash pickup, septic tank monthly testing, and lawn service. The current insurance premium is: $ 22,108.67 yearly on all buildings and property taxes are $150/ year currently assessed at land only.

Listing Status:
Active
Date Added:
July 25, 2024 at 05:00AM
Listing Office:
Coldwell Banker Ingle Safari Realty : 337-478-1601
MLS ID:
SWL24004380
  • Laundry: Washer HookupElectric Dryer Hookup
  • A/C: Central Air
  • Heating: Central
  • Roofing: Shingle
  • General: HardiPlank Type
  • Originating MLS: SWLAR_SWLAR
  • County: Calcasieu
  • Zoning: @330808-0260- 001101 0000 LT 11 CASCIOTONY # 3LESS S 30 FT SOLD REF1- LENA MARIE NOCILLA CASCIO AND MARY TERESA CASCIO MALCOLM B 1316 P 393-7500013013
  • Fencing: None
  • Current Use: Investment
  • Utilities: Electricity ConnectedSewer ConnectedWater Connected
  • Water: Public
  • Source: SWLAR_SWLAR

This listing courtesy of Coldwell Banker Ingle Safari Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Moss Bluff Elementary School

215 School St, Lake Charles, LA, 70611

Grades PK-5

2.00 miles away

M

Moss Bluff Middle School

1104 Recreation Blvd, Lake Charles, LA, 70611

Grades 6-8

2.46 miles away

S

Sam Houston High School

880 S H Jones Parkway, Lake Charles, LA, 70611

Grades 9-12

2.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.