2031 3rd St Lake Charles, LA 70601
Estimated payment $4,080/month
Highlights
- Traditional Architecture
- Neighborhood Views
- Turnkey
- No HOA
- Cooling System Mounted To A Wall/Window
- Rectangular Lot
About This Home
Incredible opportunity alert! This 12-unit Apartment Complex is a fantastic deal, priced below its last appraisal of $780,000. The motivated seller is eagerly awaiting your offer! The complex consists of 8 units in the 2031 3rd building and 4 units in the 2033 3rd building. The 8-unit building boasts two stories, while the 4-unit building is a single-story structure with a porch at the rear and the added benefit of some covered parking spaces. Both buildings feature covered walkways that open onto a charming courtyard nestled between them. Please note that the complex is not individually metered for gas and water. The property taxes are $1,219.34 yearly, and it's located in Flood Zone AE. The current flood policy costs $3940 per year for the 2031 building and $2,237 per year for the 2033 building. Recent improvements include a roof replacement in 2021 for both buildings, ensuring long-lasting value and protection for your investment. Many of the units have undergone remodeling, and all units are rented. This is your chance to own a thriving Apartment Complex with great potential. Act now, make your offer, and secure this outstanding investment today! Seller will entertain a owner financed deal with a large down payment on a 5 year balloon term.
Last Listed By
Coldwell Banker Ingle Safari Realty License #912122392 Listed on: 11/29/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1980
Lot Details
- 0.34 Acre Lot
- Lot Dimensions are 180 x 100
- Two or More Common Walls
- Rectangular Lot
- Paved or Partially Paved Lot
Parking
- Parking Lot
Home Design
- Traditional Architecture
- Turnkey
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- HardiePlank Type
Interior Spaces
- 2-Story Property
- Neighborhood Views
- Security Lights
Kitchen
- Electric Oven
- Electric Range
Laundry
- Laundry Located Outside
- Washer and Electric Dryer Hookup
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
- Water Heater
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 22 & 23 / 6
- Assessor Parcel Number 00273996
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 12 Units
- 8,911 Sq Ft Building
- High School Park Add Subdivision
Building Details
- 2 Separate Water Meters
- Gross Income $7,550
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2025 03/28/25 | Price Changed | $647,000 | -0.2% | $73 / Sq Ft |
| 08/14/2024 08/14/24 | Price Changed | $648,000 | -0.3% | $73 / Sq Ft |
| 03/28/2024 03/28/24 | Price Changed | $649,900 | -5.8% | $73 / Sq Ft |
| 01/05/2024 01/05/24 | Price Changed | $689,900 | -1.4% | $77 / Sq Ft |
| 11/29/2023 11/29/23 | For Sale | $699,900 | +258.9% | $79 / Sq Ft |
| 03/01/2017 03/01/17 | Sold | -- | -- | -- |
| 01/20/2017 01/20/17 | Pending | -- | -- | -- |
| 06/23/2015 06/23/15 | For Sale | $195,000 | -- | $24 / Sq Ft |
Source: Greater Southern MLS
MLS Number: SWL23007065
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