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19408878
19408893

1366 Georgia Road, Lake Charles, LA 70611

RI
LA 0912122392, LA 912122392
Coldwell Banker Commercial Ingle Safari Realty
Listed by Coldwell Banker Commercial Ingle Safari Realty
$1,749,000
681 days on market
Updated 241 days ago

1366 Georgia Road

Details
APN 00013013
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 16,040
Units 16
NOI $143,892
Year Built 2023
Buildings 8
Acreage 1.600

Multifamily | 16 Units

Marketing 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.
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Listing Contacts

RI
LA 0912122392, LA 912122392
Coldwell Banker Commercial Ingle Safari Realty
Listed by Coldwell Banker Commercial Ingle Safari Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$143,892.00
$11,991.00/mo

Valuation Metrics

0
DSCR
8.23%
Cap Rate
8.23%
ROI

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Additional Information

Name
Robbie Ingle
License
0912122392
Brokerage
Coldwell Banker Ingle Safari Realty
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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