2804 Hazel St Lake Charles, LA 70601
Estimated payment $5,206/month
About This Home
Explore this rare investment opportunity that includes: A four-plex, a duplex, three single-family homes, a warehouse, and 3 vacant lots. This diverse portfolio includes a total of 9 doors, 8 of which are occupied. Situated in Lake Charles these sites have quick access to the mall, fast food and sit down restaurants, an elementary school, and public transportation. All of the properties are on the same street. The sites are being sold in a discounted package significantly below retail. In the supplements you will find rents, zoning, taxes, insurances, flood zone, plats, and measurements. There are 2 vacant lots and one home that may have no value. These 3 lots represent an opportunity to build affordable housing to offer the community at competitive rent rates.
Co-Listing Agent
Pat Montalbano
Coldwell Banker Ingle Safari Realty License #995685332
Map
Property Details
Home Type
Condominium
Est. Annual Taxes
$2,341
Year Built
2014
Lot Details
0
Listing Details
- Property Sub Type: Apartment
- Property Type: Residential Income
- Lot Size: 161X107 m/l
- Co List Office Mls Id: 67
- Co List Office Phone: 337-478-1601
- Co List Office Mls Id: 67
- Co List Office Phone: 337-478-1601
- Subdivision Name: Barbe E R
- Directions: Head west on I-210 W Take exit 5 for Lake St Turn right onto Lake St Turn right onto W 18th St Turn right onto Hazel St Destination will be on the right
- Property Attached Yn: Yes
- Special Features: VirtualTour
- Year Built: 2014
Interior Features
- Number Of Buildings: 5
- Stories: 1
Utilities
- Sewer: Public Sewer
- Water Source: Public
Lot Info
- Land Lease: No
- Lot Size Sq Ft: 16988.4
- Land Lease Expiration Date: 2025-10-31
- Additional Parcels: No
- Zoning Description: Residential
- Zoning: Neighborhood
Rental Info
- Rent Control: Yes
Multi Family
- Number Of Units Total: 9
- Annual Gross Income: 87697.0
- Insurance Expense: 12309.0
- Property Net Operating Income: 87697.0
- Annual Operating Expense: 18983.0
- Number Of Separate Electric Meters: 9
- Number Of Separate Water Meters: 9
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 | $2,341 | $24,420 | $2,590 | $21,830 |
| 2023 | $2,341 | $24,420 | $2,590 | $21,830 |
| 2022 | $2,361 | $24,420 | $2,590 | $21,830 |
| 2021 | $2,043 | $24,420 | $2,590 | $21,830 |
| 2020 | $2,134 | $22,140 | $2,490 | $19,650 |
| 2019 | $2,338 | $24,230 | $2,400 | $21,830 |
| 2018 | $725 | $7,490 | $2,400 | $5,090 |
| 2017 | $421 | $4,320 | $2,400 | $1,920 |
| 2016 | $425 | $4,320 | $2,400 | $1,920 |
| 2015 | $425 | $4,320 | $2,400 | $1,920 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/14/2024 10/14/24 | For Sale | $949,000 | -- | $308 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $40,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $35,282 | New Conventional |
Source: Southwest Louisiana Association of REALTORS®
MLS Number: SWL24006089
APN: 00307297
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