NOT LISTED FOR SALE

419 Clarence St Lake Charles, LA 70601

Downtown Lake Charles Neighborhood
-- Bed
-- Bath
6,135 Sq Ft
0.36 Acres

Last Sold March 15, 2023

55 Days on Market

Highlights

  • 0.36 Acre Lot
  • Laundry Room
  • Central Heating and Cooling System
  • Traditional Architecture
  • Energy-Efficient Appliances
  • 1-Story Property

About This Home

As of March 2023

9-unit apartment complex conveniently located close to I-10 in the heart of downtown Lake Charles. There are 8 units with 1 bedroom/1 bath approximately 500 sq ft living each and 1 unit with 2 bedrooms/1 bath. New roofs installed after hurricane, new paint on brick exterior. These units are mostly remodeled inside. All units have Central HVAC system, updated fixtures and fresh interior paint most units. There is also a laundry facility onsite shared by all tenants. All utilities are on one meter, so rent is collected with all bills paid. This property is located in flood zone AE. Seller does not have flood insurance currently. There is an elevation certificate and flood quote attached in MLS. Current flood quote is $12171 per year. Property tax $2517.10 per year. Rent is currently $750-895 monthly per unit. Monthly total rent collected is $7330 when all occupied. There are 3 vacant units at this time. There is a lockbox on one vacant unit for showing with little notice. Seller has a package of 4 multifamily complexes and will sell all as a package. Details also attached in MLS. Seller will not consider any owner financing at this time. Make offer!!

Property Details

Home Type

  • Multi-Family

Year Built | Renovated

  • 1970 | 1990

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 78 x 200
  • Two or More Common Walls

Home Design

  • Traditional Architecture
  • Property Attached
  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1-Story Property
  • Electric Range

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • Open Parking
  • Parking Lot

Utilities

  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Additional Features

  • Energy-Efficient Appliances
  • City Lot

Listing and Financial Details

  • Total Actual Rent $7,330

Community Details

Overview

  • 9 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $7,330
  • Net Operating Income $7,330

Property Details

Home Type

Multi-Family

Year Built | Renovated

1970 | 1990

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Reso Fencing: None
  • Lot Features: City Lot, Paved
  • LotSizeAcres: 0.358
  • Lot Size: 78 x 200
  • SpaFeatures: None
  • Co List Office Phone: 337-478-1601
  • Special Conditions: Standard
  • Directions: From Lakeshore Drive, Turn Left Onto Clarence Street, Property is Located on the Left Hand Side of the Road.
  • Architectural Style: Traditional
  • Has Cooling?: Yes
  • Unit Levels: One
  • Is New Construction?: No
  • Property Attached Yn: Yes
  • Effective Year Built: 1990
  • PropertySubTypeAdditional: Apartment
  • Special Features: VirtualTour
  • Year Built: 1970
  • Year Renovated: 1990

Interior Features

  • Number Of Buildings: 1
  • Private Spa: No
  • Appliances: Electric Range, Refrigerator
  • Stories: 1

Exterior Features

  • Pool Features: None
  • Has Private Pool?: No
  • Common Walls: 2+ Common Walls
  • Construction Type: Brick
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled
  • Roof: Flat

Garage/Parking

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

Utilities

  • Laundry Features: Laundry Room, Outside
  • Green Building Features: Appliances
  • Cooling: Central Air
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15594.48
  • Additional Parcels: No
  • Zoning Description: MultiUse

Rental Info

  • Rent Control: No

Multi Family

  • Number Of Units Total: 9
  • Annual Gross Income: 7330.0
  • Property Net Operating Income: 7330.0
  • Total Actual Rent: 7330.0
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Range of Values:

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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2023 03/15/23 Sold -- -- --
02/20/2023 02/20/23 Pending -- -- --
12/27/2022 12/27/22 For Sale $425,000 -- $69 / Sq Ft
Source: Southwest Louisiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Map

Source: Southwest Louisiana Association of REALTORS®

MLS Number: SWL22009385

Louisiana Calcasieu Parish Lake Charles 70601 Downtown Lake Charles

419 Clarence St, Lake Charles, LA

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