Century 21 Bono Realty
Listed by Century 21 Bono Realty
$1,120,000
1711 Bilbo Street
Details
APN 00753483
Property Type Multifamily, Land
Sub Type Apartment Building, Residential
Square Footage 7,464
Units 4
Cap Rate 5.40%
NOI $73,000
Class A
Year Built 2024
Buildings 4
Acreage 0.530
Multifamily | 5.40% CAP | 4 Units
Marketing description
Investment opportunity awaits in the heart of downtown Lake Charles with this newly constructed multi-family property. Built in 2024, the package includes four spacious units, thoughtfully designed with high ceilings, 4 bedrooms, 3 baths, and an attached double-car garage. All units are equipped with a dishwasher, refrigerator, electric range, microwave, and washer/dryer hookups. Each unit is individually metered for water and electricity, with tenants responsible for their own utilities. Currently leased at $1,800 per month per unit generating $84,000 in annual gross income, the property offers strong rental income in a prime location just moments from downtown amenities, dining, shopping, and a city park.
Listing Contacts
Century 21 Bono Realty
Listed by Century 21 Bono Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,000.00
$6,083.33/mo
Valuation Metrics
0
DSCR
6.52%
Cap Rate
6.52%
ROI
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