NOT LISTED FOR SALE

2400 Cypress St Lake Charles, LA 70601

Estimated Value: $81,000 - $345,000

-- Bed
-- Bath
18,520 Sq Ft
1.37 Acres

Last Sold November 09, 2021

Current estimated payment $1,310/month

3 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Rectangular Lot
  • No HOA

About This Home

As of November 2021

Investor Special on this 17 unit hurricane damaged apartment complex. Amazing investment opportunity!! Seventeen units total. 1 - 3 bed/1 bath single family home, 1 - 2 bed / 1 bath single family townhome, 1 - 2 bed / 1.5 bath single family townhome, 10 - 2 bed / 1 bath apartments, 4 - 2 bed / 1.5 bath townhomes make up this collection of investment properties. Seller is selling the property as is and will make no repairs or provide any inspections. All units are vacant except for 2319 Creole and 2329 Creole Unit A these can not be shown. Flood Zone X. Centrally located on large lot with extra space to build more units. Parcels: 00910376, 00367885, 00474428, 00323985, 00474428A.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $395

Year Built | Renovated

  • 1982 | 1982

Lot Details

  • No Common Walls
  • 00367885,00474428,00323985,00474428a

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Laundry Located Outside

Additional Features

  • City Lot
  • Central Heating and Cooling System

Community Details

Overview

  • No Home Owners Association
  • 17 Units
  • Barbe Add Subdivision

Building Details

  • 17 Separate Electric Meters
  • 10 Separate Water Meters

Property Details

Home Type

Condominium

Est. Annual Taxes

$395

Year Built | Renovated

1982 | 1982

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Lot Features: City Lot, Rectangular Lot
  • LotSizeAcres: 1.37
  • Lot Size: 145 x 345.7 m/l
  • Is Senior Community?: No
  • Has HOA?: No
  • Co List Office Phone: 337-478-1601
  • Special Conditions: Standard
  • Subdivision Name: Barbe Add
  • Directions: Louie & Penn N on Lake, E on 18th, N on Cypress
  • Architectural Style: Traditional
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Unit Levels: Two
  • Is New Construction?: No
  • Property Attached Yn: No
  • Effective Year Built: 1982
  • PropertySubTypeAdditional: Apartment
  • Special Features: VirtualTour
  • Year Built: 1982
  • Year Renovated: 1982

Interior Features

  • Number Of Buildings: 10
  • Fireplace Features: None
  • Stories: 2

Exterior Features

  • Pool Features: None
  • Has Private Pool?: No
  • Common Walls: No Common Walls
  • Construction Type: Other
  • Foundation Details: Slab
  • Property Condition: Repairs Major
  • Roof: Shingle

Utilities

  • Laundry Features: Outside
  • Cooling: Central Air
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 59677.2
  • Additional Parcels Description: 00367885,00474428,00323985,00474428a
  • Additional Parcels: Yes

Rental Info

  • Rent Control: No

Multi Family

  • Number Of Units Total: 17
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Water Meters: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2022
Sold by
Perez Construction Inc
Bought by
2400 Cypress Llc
Current Estimated Value
$242,345

Purchase Details

Listed on
Oct 28, 2021
Closed on
Nov 10, 2021
Sold by
Cypress Living Llc
Bought by
Perez Construction
List Price
$415,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.84%

Purchase Details

Listed on
Oct 28, 2021
Closed on
Nov 9, 2021
Sold by
Cypress Living Llc
Bought by
Perez Construction Inc
List Price
$415,000

Purchase Details

Listed on
Jan 23, 2020
Closed on
Mar 19, 2020
Sold by
Clayton & Donna Llc
Bought by
Cypress Living Llc
List Price
$875,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-34.64%
Original Mortgage
$595,000
Interest Rate
3.4%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
2400 Cypress Llc -- None Listed On Document
Perez Construction $350,000 None Listed On Document
Perez Construction Inc $350,000 None Available
Cypress Living Llc $700,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cypress Living Llc $595,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/09/2021 11/09/21 Sold -- -- --
10/31/2021 10/31/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $415,000 -52.6% $22 / Sq Ft
03/23/2020 03/23/20 Sold -- -- -- View Prior Sale
02/06/2020 02/06/20 Pending -- -- --
01/23/2020 01/23/20 For Sale $875,000 -- $47 / 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 $395 $4,120 $1,620 $2,500
2023 $395 $4,120 $1,620 $2,500
2022 $398 $4,120 $1,620 $2,500
2021 $345 $4,120 $1,620 $2,500
2020 $367 $3,810 $1,560 $2,250
2019 $386 $4,000 $1,500 $2,500
2018 $387 $4,000 $1,500 $2,500
2017 $390 $4,000 $1,500 $2,500
2016 $392 $4,000 $1,500 $2,500
2015 $394 $4,000 $1,500 $2,500
Source: Public Records

Map

Source: Southwest Louisiana Association of REALTORS®

MLS Number: SWL21009766

APN: 00910376

Louisiana Calcasieu Parish Lake Charles 70601

2400 Cypress St, Lake Charles, LA

Not Listed for Sale

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