NOT LISTED FOR SALE

Estimated Value: $146,000 - $440,437

-- Bed
-- Bath
6,636 Sq Ft
$43/Sq Ft Est. Value

Last Sold January 06, 2022

Current estimated payment $1,625/month

Highlights

  • Traditional Architecture
  • Balcony
  • Central Heating and Cooling System
  • A.A. Nelson Elementary School Rated A-
  • Energy-Efficient Appliances
  • Turnkey

About This Home

As of January 2022

Income producing 4plex in South Lake Charles, conveniently located off of Nelson Road and close to schools and shopping. Property has been recently remodeled after storm damage. Great Price! Gross Rent for 4plex is $4,380 or $1,095 a month per unit, all units are 2 bed 2 baths.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,564

Lot Details

  • Lot Dimensions are 65.7x101
  • No Common Walls
  • Wood Fence
  • Irregular Lot

Home Design

  • Traditional Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Laundry

  • 220 Volts In Laundry
  • Washer and Electric Dryer Hookup

Parking

  • Driveway
  • Open Parking

Utilities

  • Central Heating and Cooling System
  • Natural Gas Not Available
  • Phone Available
  • Cable TV Available

Additional Features

  • Electric Range
  • Energy-Efficient Appliances
  • Balcony
  • City Lot

Community Details

  • 4 Separate Electric Meters
  • 4 Separate Water Meters
  • Insurance Expense $5,148
  • Water Sewer Expense $1,300
  • Operating Expense $8,002
  • Gross Income $52,560
  • Net Operating Income $44,558

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,564

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Community Features: Suburban
  • Reso Fencing: Fenced, Wood
  • Lot Features: City Lot, Irregular Lot, Paved
  • Lot Size: 65.7x101
  • Road Surface Type: Paved
  • Co List Office Phone: 337-725-4663
  • Special Conditions: Standard
  • Directions: South on Nelson, East on Fox Run
  • Architectural Style: Traditional
  • Has Cooling?: Yes
  • Is New Construction?: No
  • Property Attached Yn: Yes
  • PropertySubTypeAdditional: Apartment
  • DaysOnMarketReplicationIncreasingYN: No
  • CurrentPrice: 439900.0
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 4
  • Appliances: Electric Range
  • Interior Amenities: Balcony

Exterior Features

  • Pool Features: None
  • Has Private Pool?: No
  • Common Walls: No Common Walls
  • Construction Type: Vinyl Siding
  • Exterior Features: Fence
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • Roof: Shingle

Garage/Parking

  • Has Open Parking?: Yes
  • Parking Features: Concrete, Driveway

Utilities

  • Laundry Features: Washer Hookup, Electric Dryer Hookup, Inside
  • Green Building Features: Appliances
  • Cooling: Central Air, Electric, 1 Unit
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: 220 Volts in Laundry
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Not Available, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 1300.0

Lot Info

  • Land Lease: No
  • Additional Parcels: No

Rental Info

  • Rent Control: No

Multi Family

  • Annual Gross Income: 52560.0
  • Insurance Expense: 5148.0
  • Property Net Operating Income: 44558.0
  • Annual Operating Expense: 8002.0
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2021
Closed on
Jan 6, 2022
Sold by
Jongbloed Michael Nelson and Jongbloed Karen Michell
Bought by
Markham Cody and Markham Kara
List Price
$439,900
Current Estimated Value
$285,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.47%
Original Mortgage
$329,925
Outstanding Balance
$303,485
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
-$18,376

Purchase Details

Listed on
Oct 19, 2021
Closed on
Dec 9, 2021
Bought by
Jw Investors Prop Llc
List Price
$439,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,925
Outstanding Balance
$303,485
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
-$18,376

Purchase Details

Listed on
Apr 2, 2013
Closed on
Jun 3, 2013
Sold by
Slm Properties Llc
Bought by
Jongbloed Michael Nelson and Jongbloed Karen Michelle
Seller's Agent
GREG WOODS
Compass-LC
Buyer's Agent
GREG WOODS
Compass-LC
List Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.83%
Original Mortgage
$240,000
Interest Rate
18%
Mortgage Type
New Conventional
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
Markham Cody $439,900 None Listed On Document
Markham Cody $439,900 None Listed On Document
Jw Investors Prop Llc -- None Listed On Document
Jw Investors Prop Llc -- None Listed On Document
Jongbloed Michael Nelson $230,000 None Available
Jongbloed Michael Nelson $230,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Markham Cody $329,925
Previous Owner Jongbloed Michael Nelson $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2022 01/06/22 Sold -- -- --
10/19/2021 10/19/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $439,900 +76.0% $66 / Sq Ft
06/03/2013 06/03/13 Sold -- -- -- View Prior Sale
04/11/2013 04/11/13 Pending -- -- --
04/02/2013 04/02/13 For Sale $250,000 -- $62 / 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 $1,564 $16,310 $2,610 $13,700
2023 $1,564 $16,310 $2,610 $13,700
2022 $1,577 $16,310 $2,610 $13,700
2021 $940 $11,240 $2,610 $8,630
2020 $1,430 $14,840 $2,510 $12,330
2019 $1,556 $16,120 $2,420 $13,700
2018 $1,560 $16,120 $2,420 $13,700
2017 $1,570 $16,120 $2,420 $13,700
2016 $1,586 $16,120 $2,420 $13,700
2015 $1,586 $16,120 $2,420 $13,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwest Louisiana Association of REALTORS®

MLS Number: SWL22000182

APN: 00870307