$999,900
$100K PRICE DROP

408 E School St Lake Charles, LA 70605

Estimated payment $6,307/month

Total Views 2,890
-- Bed
-- Bath
10,872 Sq Ft
$92 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.

Property Details

Home Type

  • Multi-Family

Year Built

  • 1970

Lot Details

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

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

  • Energy-Efficient Appliances
  • Shed
  • City Lot
  • Central Heating and Cooling System

Community Details

Overview

  • 8 Units

Building Details

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

Property Details

Home Type

Multi-Family

Year Built

1970

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Reso Fencing: Fenced, Privacy
  • Lot Features: Back Yard, City Lot, Lawn
  • LotSizeAcres: 1.02
  • Lot Size: 138x326x138x312
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Has View?: No
  • Co List Office Phone: 855-450-0442
  • Special Conditions: Standard
  • Directions: From I-210, take exit 6 Ryan St head South, LT Onto E School St, Duplexes on RT hand side.
  • Architectural Style: Traditional
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Unit Levels: Two
  • Is New Construction?: No
  • Property Attached Yn: Yes
  • PropertySubTypeAdditional: Duplex
  • DaysOnMarketReplicationIncreasingYN: Yes
  • CurrentPrice: 999900.0
  • Special Features: VirtualTour
  • Year Built: 1970

Interior Features

  • Number Of Buildings: 4
  • Private Spa: No
  • Appliances: Dishwasher, Electric Range
  • Fireplace Features: None
  • Interior Amenities: Beamed Ceilings, Granite Counters, High Ceilings, Laminate Counters, Tub Shower
  • Stories: 2

Exterior Features

  • Has Private Pool?: No
  • Exclusions: refrigerators, washers, dryers
  • Common Walls: 1 Common Wall
  • Construction Type: Vinyl Siding
  • Direction Faces: East
  • Exterior Features: Fence
  • Foundation Details: Slab
  • Other Structures: Shed(s), Storage
  • Property Condition: Turnkey
  • Roof: Shingle

Garage/Parking

  • Has Open Parking?: No

Utilities

  • Laundry Features: Inside, Laundry Room
  • Green Building Features: Appliances
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Public

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1.02
  • Additional Parcels Description: 01096753, 01228021
  • Additional Parcels: Yes
  • Zoning Description: Residential

Rental Info

  • Rent Control: No

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 8000.0
  • Total Actual Rent: 8000.0
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Water Meters: 8

Map

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Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2024 10/28/24 For Sale $1,100,000 -- $101 / Sq Ft
Source: Southwest Louisiana Association of REALTORS®

Source: Southwest Louisiana Association of REALTORS®

MLS Number: SWL24006348

APN: 01228021

Louisiana Calcasieu Parish Lake Charles 70605

408 E School St, Lake Charles, LA

For Sale

MultiFamily

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