1366 Georgia, Lake Charles, LA 70611
sale
$1,749,000
|
Multi Family
Courtesy Of Coldwell Banker Ingle Safari Realty
Explore this exceptional investment opportunity with 8 newly constructed duplexes on a 1.66-acre lot in Moss Bluff. This property presents a prime chance for buyers looking to enhance their investment portfolio. Each duplex features a modern, one-story design with durable Hardi-plank siding and is built on a slab foundation, offering a total of 16 units. Each unit spans 962 sq/ft and includes a 2 bedroom/2 bathroom layout with an open floor plan, washer/dryer hookups, and stained concrete floors, which are ideal for easy maintenance. The thoughtful design promotes comfortable living spaces that are highly attractive to tenants. All units are separately metered for electricity and come with covered front porches, adding to the appeal and functionality of each space. The property also boasts a new, expanded commercial sewer system capable of supporting two additional duplexes, providing significant expansion potential. Located in Flood Zone X, these properties do not require flood insurance, further enhancing their attractiveness as a low-maintenance investment. All units are leased and will need 36 hour notice for any showings. Don't miss out on this lucrative investment opportunity in a desirable location. Tenants pay all utilities so the fixed income expenses are only $550 month to include trash pickup, septic tank monthly testing, and lawn service. The current insurance premium is: $ 22,108.67 yearly on all buildings and property taxes are $150/ year currently assessed at land only.
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Copyright © 2025 Southwest Louisiana Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: 1-5 Years Old
- Architecture Style: Other
- Building Units: 16
- Cooling System: Central Air
- Exterior Type: HardiPlank Type
- Heating System: Central
- Legal Description: @330808-0260- 001101 0000 LT 11 CASCIO, TONY # 3, LESS S 30 FT SOLD REF1- LENA MARIE NOCILLA CASCIO AND MARY TERESA CASCIO MALCOLM B 1316 P 393-75
- MLSID: 24004380
- Roof Type: Shingle
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