Turnkey 12-Unit Apartment
For Sale
Contact for pricing
516 E Mcneese Street, Lake Charles, LA 70605
Well-positioned 12-unit apartment complex across from McNeese University, fully remodeled and 100% occupied.
Property SizeContact for details
Days on Market107
Property Features for 516 E Mcneese Street
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
12
Building Details
Tenancy
Multi
Listing Agency:
Castle Real Estate, Inc.
(337) 425-2196
Listed By:
Timothy W Castle · License #LA
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 23 at 7:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Castle Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 12-unit apartment complex has been fully remodeled and is currently 100% occupied. The property features one-bedroom, one-bath layouts in each unit, with a spacious living area and a separate breakfast area.
The building is located directly across the street from McNeese University and is described as conveniently positioned near schools, shopping, dining, and banking, supporting straightforward access for residents.
As presented, the complex offers a turnkey residential income opportunity with stable occupancy and minimal turnover, with a consistent unit layout across the property.
The building is located directly across the street from McNeese University and is described as conveniently positioned near schools, shopping, dining, and banking, supporting straightforward access for residents.
As presented, the complex offers a turnkey residential income opportunity with stable occupancy and minimal turnover, with a consistent unit layout across the property.
Key Highlights
- 12‑unit apartment complex directly across the street from McNeese University
- Fully remodeled property with proven rental performance
- 100% occupied with stable cash flow and minimal turnover history
Property Analytics
Current Use
Lease Details
12
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Explore this area
Business Placement
Demographics for 70605, LA
39,903
Population
17,926
Households
2.2
Avg Household Size
38
Median Age
42%
College-Educated
97%
High-School Grad
43.0 sq mi
ZIP Area
928
Density / Sq Mi
$88,337
Median Household Income
$46,173
Median Earnings
$1,348
Median Rent
$293,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-positioned 12-unit apartment complex across from McNeese University, fully remodeled and 100% occupied.
Where is this apartment building located?
The property is located at 516 E Mcneese Street Lake Charles, LA.
What are key features of this property?
This property features: 12‑unit apartment complex directly across the street from McNeese University; Fully remodeled property with proven rental performance; 100% occupied with stable cash flow and minimal turnover history
