$999,900
$100K PRICE DROP

408 E School St Lake Charles, LA 70605

Estimated payment $6,522/month

Total Views 5,663
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Traditional Architecture
  • Granite Countertops
  • Beamed Ceilings
  • High Ceiling
  • Lawn
  • Bathtub with Shower

About This Home

This meticulously maintained complex features four identical duplex buildings, offering a total of eight rental units with proven income potential. Each thoughtfully designed duplex combines a spacious 3-bedroom, 2-bathroom unit with a complimentary 2-bedroom, 1-bathroom unit, maximizing rental appeal across different tenant needs. Currently operating at 100% occupancy, the property showcases strong rental performance with tenants covering all utilities. Each unit comes complete with three dedicated parking spaces and private wooden fencing, providing desirable tenant amenities. The complex demonstrates outstanding upkeep throughout its 20-year history, with significant capital improvements including roof replacements across all buildings within the past 8 years. This turnkey investment property presents an ideal opportunity for investors seeking a well-maintained, multi-unit complex with strong rental history.

Listing Agent

HALEY BONIN

Real Broker, LLC License #995696975 Listed on: 10/28/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 1.02 Acre Lot
  • Lot Dimensions are 138x326x138x312
  • 1 Common Wall
  • East Facing Home
  • Privacy Fence
  • Wood Fence
  • Lawn
  • Back Yard
  • 01096753, 01228021

Parking

  • Parking Available

Home Design

  • Duplex
  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Bathtub with Shower
  • 2-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Laundry Room

Kitchen

  • Electric Range
  • Dishwasher
  • Granite Countertops
  • Laminate Countertops

Additional Features

  • Shed
  • Central Heating and Cooling System

Listing and Financial Details

  • Exclusions: refrigerators, washers, dryers
  • Assessor Parcel Number 00753262

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • 10,872 Sq Ft Building

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Water Meters
  • Gross Income $8,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Total System: 10872.00
  • Levels: Two
  • PropertyAttachedYN: Yes
  • Registered: No
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Range
  • Appliances: Yes
  • Square Footage: 10872.00
  • Fireplace Features: None
  • FireplaceYN: No
  • Interior Amenities: Beamed Ceilings, Granite Counters, High Ceilings, Laminate Counters, Shower in Tub
  • Lot Size Area: 1.0200
  • Price Per Square Foot: 91.97
  • Stories: 2

Exterior Features

  • Fence: Yes
  • Common Walls: 1 Common Wall
  • Construction Materials: Vinyl Siding
  • Property Faces: East
  • Exclusions: refrigerators, washers, dryers
  • Fencing: Privacy, Wood
  • Foundation: Slab
  • Lot Features: Back Yard, Lawn
  • New Construction: No
  • Property Condition: Turnkey
  • Road Frontage: City Street
  • Road Surface Type: Maintained
  • Roof: Shingle

Garage/Parking

  • Parking Features: Concrete
  • Parking: Yes

Utilities

  • Electricity Provided By: Entergy
  • Heating: Central, Electric
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Laundry Features: Individual Room, Inside
  • Number Of Separate Electric Mete: 8
  • Sewer: Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Public

Fee Information

  • Land Lease: No

Lot Info

  • Parcel Number: 00753262
  • Additional Parcels Description: 01096753, 01228021
  • Additional Parcels: Yes
  • Lot Size Acres: 1.0200
  • Lot Dimensions: 138x326x138x312
  • Lot Size Searchable: 44431.20
  • Lot Size Sq Ft: 44431.20

Building Info

  • Laundry: Yes

Rental Info

  • RentControlYN: No
  • Tenant Pays: All Utilities

Multi Family

  • Unit Count: 8
  • Elevation Units: Feet
  • NumberOfSeparateWaterMeters: 8
  • Number of Leased Units: 8
  • Number of Units: 8
  • Total Actual Rent: 8000.00

Tax Info

  • TaxLegalDescription: See attached parcel reports

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 Change Sq Ft Price
04/23/2025 04/23/25 Price Changed $999,900 -9.1% --
10/28/2024 10/28/24 For Sale $1,100,000 -- --
Source: Greater Southern MLS

Source: Greater Southern MLS

MLS Number: SWL24006348

Greater Southern MLS

APN: 01228021

Louisiana Calcasieu Parish Lake Charles 70605

408 E School St, Lake Charles, LA

This home is located at 408 E School St, Lake Charles, LA 70605 and is currently priced at $999,900. This property was built in 1970. 408 E School St is a home located in Calcasieu Parish with nearby schools including College Oaks Elementary School, F.K. White Middle School, and LaGrange High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Southern MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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HALEY BONIN
Listing Agent
HALEY BONIN
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Real Broker, LLC
(337) 469-4710