
Listed by Coldwell Banker Commercial Ingle Safari Realty
$170,000
3237/3241 Cedar Street
Details
APN 01020986
Property Type Multifamily, Land
Sub Type Apartment Building, Residential
Square Footage 1,732
NOI $516
Year Built 1975
Buildings 1
Acreage 0.330
Zoning R2
Parking Spaces 2 spaces
Parking Per SqFt 1.15
Multifamily
Marketing description
Investment opportunity in Lake Charles, Louisiana 70615 featuring a 1732 square foot duplex on approximately .33 acres zoned Mixed Residential and located in Flood Zone X for added peace of mind. Each unit offers 2 bedrooms and 1 bathroom with a practical layout, totaling approximately 866 square feet per unit, and includes a covered area for vehicle parking to enhance tenant convenience. The property also features a detached exterior space for a washer dryer, and storage. A shingled roof that is less than 5 years old, and window units providing both heating and cooling. With multi-family income potential and low annual property taxes of approximately $632.17, this property presents an excellent cash-flow opportunity in a desirable area. A second duplex on the adjoining parcel is also available at the same price (SWL26001012), offering additional investment potential for buyers looking to expand their portfolio. Please note that any listed operating expenses are incomplete and should be independently verified by the buyer.
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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
$516.00
$43.00/mo
Valuation Metrics
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DSCR
0.3%
Cap Rate
0.3%
ROI
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