Flats on Walters
Multifamily | 176 Units
Marketing description
176- Unit Multifamily Community Property Located in Lake Charles, La .
Marcus and Millichap Is Pleased to Present the Exclusive Opportunity to Acquire Flats on Walters Apartments, a 176-Unit Multifamily Community Located in Lake Charles, La.
Flats on Walters Benefits from A 2022 Capital Investment of $13,000,000 by Current Ownership that Includes Renovation to Exteriors, Interiors, Mechanicals and Common Areas. This Massive Effort Represents a Complete Repositioning of The Property that Has Virtually Zero Capital Needs. Flats on Walters Now Boasts Top of The Market Curb Appeal, Interior Styling and Impeccable Grounds Resulting in A Very Quick Lease-Up Period as The Property Is Currently Stabilized at 96% Occupancy with Some Room to Move Upward.
Investment highlights
- Recently Renovated and Stabilized Due Tosignificant Capital Investment Andrepositioning Effort
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