1623 4th St Lake Charles, LA 70601
Estimated payment $518/month
Total Views
3,463
3
Beds
2
Baths
3,120
Sq Ft
$27
Price per Sq Ft
Highlights
- Central Heating and Cooling System
- Wood Siding
- 5-minute walk to Legion Field Lake Charles
About This Home
Income-Producing Property - 1623 4th St, Lake Charles, LAA fantastic opportunity for investors! This property features two single-family homes, each with long-term 12-month leases, generating consistent rental income.The front home is a 2-bedroom, 1-bathroom unit that is currently tenant-occupied, providing $795/month in rental income. This home includes central air and heat, inside laundry in a separate room, and a detached 2-car garage with additional storage space, offering extra convenience for tenants.The rear home is also a 1-bedroom, 1-bathroom residence and has recently undergone updates and repairs. It will soon be rented for $750/month, contributing to a total potential monthly cash flow of $1,545! This unit includes a washer and dryer for added convenience, but it does not have central air or heat.Each home is separately metered, making utility management simple for both owner and tenants.Located in Lake Charles, this property presents a turnkey investment opportunity with steady income potential. Don't miss out on this chance to add a high-performing rental asset to your portfolio!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $486
Lot Details
- 0.31 Acre Lot
- Lot Dimensions are 266 x 50
Parking
- 2 Parking Spaces
Home Design
- 3,120 Sq Ft Home
- Pillar, Post or Pier Foundation
- Wood Siding
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Utilities
- Central Heating and Cooling System
- Multiple Heating Units
Listing and Financial Details
- Tax Lot 6,22
Community Details
Overview
- 2 Units
Building Details
- 1 Leased Unit
- 1 Vacant Unit
- Gross Income $18,540
- Net Operating Income $14,568
Map
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Home Values in the Area
Average Home Value in this Area
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 | $486 | $4,260 | $1,490 | $2,770 |
| 2023 | $486 | $4,260 | $1,490 | $2,770 |
| 2022 | $490 | $4,260 | $1,490 | $2,770 |
| 2021 | $470 | $4,260 | $1,490 | $2,770 |
| 2020 | $507 | $3,920 | $1,430 | $2,490 |
| 2019 | $558 | $4,150 | $1,380 | $2,770 |
| 2018 | $510 | $4,150 | $1,380 | $2,770 |
| 2017 | $471 | $4,150 | $1,380 | $2,770 |
| 2016 | $469 | $4,150 | $1,380 | $2,770 |
| 2015 | $469 | $4,150 | $1,380 | $2,770 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | For Sale | $85,000 | 0.0% | $6 / Sq Ft |
| 05/22/2025 05/22/25 | Pending | -- | -- | -- |
| 05/15/2025 05/15/25 | For Sale | $85,000 | -- | $6 / Sq Ft |
Source: REALTOR® Association of Acadiana
Similar Home in Lake Charles, LA
Source: REALTOR® Association of Acadiana
MLS Number: 2020023936
APN: 00600148
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