1. Louisiana
2. Lake Charles
3. 2031 3rd Street

2031 3rd Street, Lake Charles, LA 70601

• 8,911 sqft

Property Description

Incredible opportunity alert! This 12-unit Apartment Complex is a fantastic deal, priced below its last appraisal of $780,000. The motivated seller is eagerly awaiting your offer! The complex consists of 8 units in the 2031 3rd building and 4 units in the 2033 3rd building. The 8-unit building boasts two stories, while the 4-unit building is a single-story structure with a porch at the rear and the added benefit of some covered parking spaces. Both buildings feature covered walkways that open onto a charming courtyard nestled between them. Please note that the complex is not individually metered for gas and water. The property taxes are $1,219.34 yearly, and it's located in Flood Zone AE. The current flood policy costs $3940 per year for the 2031 building and $2,237 per year for the 2033 building. Recent improvements include a roof replacement in 2021 for both buildings, ensuring long-lasting value and protection for your investment. Many of the units have undergone remodeling, and all units are rented. This is your chance to own a thriving Apartment Complex with great potential. Act now, make your offer, and secure this outstanding investment today! Seller will entertain a owner financed deal with a large down payment on a 5 year balloon term.

Listing Status:

Active

Date Added:

November 29, 2023 at 06:00AM

Listing Office:

Coldwell Banker Ingle Safari R : (337) 478-1601

MLS ID:

SWL23007065

Interior

• Appliances: Electric OvenElectric RangeWater Heater
• Laundry: Washer HookupElectric Dryer HookupLaundry RoomOutsideSee Remarks
• A/C: Ceiling Fan(s)Wall/Window Unit(s)
• Heating:
• Fireplace: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Coldwell Banker Ingle Safari R