$1,750,000

1366 Georgia Road, Lake Charles, LA 70611, US

Summary

Style: Multi Family
Year Built: 2023

Moving Quotes

primary photo for 1366 Georgia Road, Lake Charles, LA 70611, US

Remarks

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.

Details

MLS#: SWL24004380
Price: $1,750,000

Style: Multi Family
Year Built: 2023

County: Calcasieu
Lot Size: 227 x 317
Tax Fee: 0.00

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Broker Contact

Coldwell Banker Ingle Safari R
765 Bayou Pines East
Lake Charles, LA, 70601
US
Steven Floyd
! (337) 478-1601
! marketing@inglesafari.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Greater Southern MLS
Last updated: 2024-10-04T15:01:47.000-05:00.
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