3619 Texas St, Lake Charles, LA 70607

The Phoenix Apartments offers investors a unique opportunity to acquire a stabilized, 208-unit multifamily

community located in Lake Charles, Louisiana. Originally built in 1975 and signicantly renovated in 2022, the

property presents a compelling blend of proven operational history and future upside potential. Positioned

strategically near major thoroughfares I-10 and I-210, the asset benets from excellent visibility and convenient

access to the region's diverse economic drivers, including the petrochemical industry, hospitality sectors, and

healthcare hubs.

The asset spans 192,368 square feet of rentable area, with a spacious average unit size of 925 square feet. The

2022 renovation program addressed major capital systems and interior nishes, effectively modernizing the

community to compete with newer vintage product in the submarket. Current operations demonstrate steady

performance, yet there remains a clear runway for a new owner to enhance value through focused management

strategies.

Investors have the opportunity to capitalize on operational eciencies by bridging the gap between current inplace rents and proven market levels. The property's diverse unit mix, ranging from ecient one-bedroom layouts to spacious three-bedroom oor plans, caters to a wide demographic spectrum, from young professionals to families. This broad appeal supports consistent leasing demand and occupancy stability.