$647,000
$53K PRICE DROP

2031 3rd St Lake Charles, LA 70601

Estimated payment $4,050/month

Total Views 331
-- Bed
-- Bath
8,911 Sq Ft
$73 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Neighborhood Views
  • Laundry Room
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Energy-Efficient Appliances

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.

Property Details

Home Type

  • Condominium

Year Built

  • 1980

Home Design

  • Traditional Architecture
  • Turnkey
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • HardiePlank Type

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Casement Windows
  • Neighborhood Views
  • Security Lights

Kitchen

  • Electric Oven
  • Electric Range

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Electric Dryer Hookup

Parking

  • Open Parking
  • Parking Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Water Heater
  • Cable TV Available

Additional Features

  • Energy-Efficient Appliances
  • Two or More Common Walls
  • City Lot

Listing and Financial Details

  • Tax Block 6

Community Details

Overview

  • No Home Owners Association
  • 12 Units
  • High School Park Add Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Water Meters
  • Gross Income $7,550

Property Details

Home Type

Condominium

Year Built

1980

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Community Features: Street Lights
  • Reso Fencing: None
  • Lot Features: City Lot, Paved, Rectangular Lot
  • LotSizeAcres: 0.344
  • Lot Size: 180 x 100
  • Road Surface Type: Paved
  • Is Senior Community?: No
  • SpaFeatures: None
  • View: Neighborhood
  • Has View?: Yes
  • Security Features: Security Lights
  • Has HOA?: No
  • Co List Office Phone: 337-478-1601
  • Special Conditions: Standard
  • Subdivision Name: High School Park Add
  • Directions: 4Th & 5Th Ave From Broad, South On 4Th Ave., East On 3Rd St. Complex On North Side Of Street
  • Architectural Style: Traditional
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Unit Levels: Two
  • Is New Construction?: No
  • Property Attached Yn: No
  • PropertySubTypeAdditional: Apartment
  • Special Features: None
  • Year Built: 1980

Interior Features

  • Number Of Buildings: 2
  • Private Spa: No
  • Appliances: Electric Oven, Electric Range, Water Heater
  • Fireplace Features: None
  • Stories: 2
  • Window Features: Casement Window(s)

Exterior Features

  • Pool Features: None
  • Has Private Pool?: No
  • Disclosures: Flood Plain Disclosure
  • Common Walls: 2+ Common Walls
  • Construction Type: Brick, HardiPlank Type
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • Roof: Shingle

Garage/Parking

  • Has Open Parking?: Yes
  • Parking Features: Parking Lot

Utilities

  • Laundry Features: Washer Hookup, Electric Dryer Hookup, Laundry Room, Outside, See Remarks
  • Green Building Features: Appliances
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, 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: 14984.64
  • Additional Parcels: No

Rental Info

  • Rent Control: No

Multi Family

  • Number Of Units Total: 12
  • Annual Gross Income: 7550.0
  • Total Actual Rent: 7550.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 2

Tax Info

  • Tax Block: 6

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/29/2023 11/29/23 For Sale $699,900 +258.9% $79 / Sq Ft
03/01/2017 03/01/17 Sold -- -- -- View Prior Sale
01/20/2017 01/20/17 Pending -- -- --
06/23/2015 06/23/15 For Sale $195,000 -- $24 / Sq Ft
Source: Southwest Louisiana Association of REALTORS®

Source: Southwest Louisiana Association of REALTORS®

MLS Number: SWL23007065

Louisiana Calcasieu Parish Lake Charles 70601

2031 3rd St, Lake Charles, LA

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