NOT LISTED FOR SALE

1408 N Prater St Lake Charles, LA 70601

Estimated Value: $92,000 - $195,000

-- Bed
-- Bath
3,600 Sq Ft
$41/Sq Ft Est. Value

Last Sold January 13, 2022

Current estimated payment $864/month

3 Days on Market

Highlights

  • Traditional Architecture
  • Home Under Construction
  • 1-Story Property
  • Central Heating and Cooling System
  • Front Yard

About This Home

As of January 2022

Investor Special!! Great opportunity to purchase a 4 plex and have instant income. This 4 plex was completely remodeled from top to bottom in 2019 with new roof updated electrical, updated cabinets , paint and vinyl plank flooring. All units are 2 bedroom 1 bath. 2 of the units are rented for $900 month. The other 2 units need a few repairs to get rent ready. This property is conveniently located close to I-10 and has tons of potential.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $998

Year Built

  • 1980

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 60 x 150
  • 1 Common Wall
  • Front Yard

Home Design

  • Home Under Construction
  • Traditional Architecture
  • Property Attached
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Washer and Electric Dryer Hookup

Additional Features

  • City Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $1,800

Community Details

Overview

  • 4 Units
  • Lafleur Mayo Of Dolby & Arbog Subdivision

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Gross Income $3,600
  • Net Operating Income $3,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$998

Year Built

1980

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Lot Features: City Lot, Front Yard, Yard
  • LotSizeAcres: 0.21
  • Lot Size: 60 x 150
  • Co List Office Phone: 337-478-1601
  • Special Conditions: Standard
  • Subdivision Name: Lafleur Mayo Of Dolby & Arbog
  • Directions: Take Opelousas street to Prater
  • Architectural Style: Traditional
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Unit Levels: One
  • Is New Construction?: No
  • Property Attached Yn: Yes
  • PropertySubTypeAdditional: Apartment
  • DaysOnMarketReplicationIncreasingYN: No
  • CurrentPrice: 190000.0
  • Special Features: VirtualTour
  • Year Built: 1980

Interior Features

  • Number Of Buildings: 1
  • Fireplace Features: None
  • Stories: 1

Exterior Features

  • Pool Features: None
  • Has Private Pool?: No
  • Common Walls: 1 Common Wall
  • Construction Type: Brick
  • Foundation Details: Slab
  • Property Condition: Under Construction
  • Roof: Shingle

Utilities

  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Cooling: Central Air
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9147.6
  • Additional Parcels: No
  • Zoning Description: Residential

Rental Info

  • Rent Control: No

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 3600.0
  • Property Net Operating Income: 3600.0
  • Total Actual Rent: 1800.0
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2021
Closed on
Jan 13, 2022
Sold by
Vallandor Properties No 3 Llc
Bought by
Fulcrum Investment Group Llc
List Price
$199,900
Current Estimated Value
$147,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.29%

Purchase Details

Closed on
Dec 10, 2018
Sold by
Gawthorp Brandon
Bought by
Vallandor Properties No 3 Llc

Purchase Details

Closed on
Dec 17, 2016
Sold by
Gawthorp Chantel
Bought by
Minic Llc

Purchase Details

Closed on
Aug 29, 2016
Sold by
Alpha Capital
Bought by
Gawthorp Chantel
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fulcrum Investment Group Llc $190,000 None Listed On Document
Vallandor Properties No 3 Llc $40,000 Wfg National Title
Minic Llc -- None Available
Gawthorp Chantel -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2022 01/13/22 Sold -- -- --
10/29/2021 10/29/21 Pending -- -- --
10/26/2021 10/26/21 For Sale $199,900 -- $56 / Sq Ft
Source: Southwest Louisiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $998 $8,750 $1,200 $7,550
2023 $998 $8,750 $1,200 $7,550
2022 $1,007 $8,750 $1,200 $7,550
2021 $966 $8,750 $1,200 $7,550
2020 $1,028 $7,950 $1,150 $6,800
2019 $1,165 $8,660 $1,110 $7,550
2018 $1,063 $8,660 $1,110 $7,550
2017 $984 $8,660 $1,110 $7,550
2016 $987 $8,660 $1,110 $7,550
Source: Public Records

Map

Source: Southwest Louisiana Association of REALTORS®

MLS Number: SWL21009220

APN: 00439983

Louisiana Calcasieu Parish Lake Charles 70601

1408 N Prater St, Lake Charles, LA

Not Listed for Sale

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