New Duplexes: Investment
1366 Georgia Road, Lake Charles, LA 70611
Eight newly constructed duplexes on 1.66 acres in Moss Bluff.
Type:Multifamily
Property size:
16,040 SFLot size:
1.66 AcresPrice / SF:
$109/SF- Added:
- Jul 27, 2024
- Days on Market:
- 676
- Last Refresh:
- May 12 at 10:01 pm
Property Features for 1366 Georgia Road
General Information
- Standard status
- Active
- Size
- 16,040 SF
- Lot size
- 1.66 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing agent Robbie Ingle License #0912122392
Listing office Coldwell Banker Commercial Ingle Safari Realty
Listing date Jul 27, 2024
Source Crexi
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 Coldwell Banker Commercial Ingle Safari Realty
HighLights
- Exceptional investment opportunity: 8 newly constructed duplexes (16 units) on a 1.66‑acre lot.
- Expansion Potential: New commercial sewer system supports two additional duplexes.
- Low‑Maintenance Investment: Located in Flood Zone X and tenants pay all utilities.
- Modern Units: Each unit features 2 bedrooms/2 bathrooms, open floor plan, washer/dryer hookups, and stained concrete floors.
- Desirable Features: Covered front porches and separately metered electricity for each unit.
- New Construction: Built in 2023 with durable Hardi‑plank siding and slab foundation.
Overview
This property features eight newly constructed duplexes situated on a 1.66-acre lot in Moss Bluff, presenting an exceptional investment opportunity. Each duplex has a modern, one-story design with Hardi-plank siding and a slab foundation, comprising a total of 16 units. Each unit offers 962 sq ft of living space, featuring a 2 bedroom/2 bathroom layout with an open floor plan, washer/dryer hookups, and stained concrete floors. All units are separately metered for electricity and include covered front porches. The property benefits from a new, expanded commercial sewer system capable of supporting two additional duplexes, offering expansion potential. Located in Flood Zone X, the properties do not require flood insurance. All units are leased. Tenants are responsible for all utilities, resulting in fixed income expenses of $550 per month, covering 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 currently $150 per year, assessed on land only.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.9k | $11.40 |
| − Vacancy | −$12.4k | −$0.78 |
| EGI | $170.4k | $10.62 |
| − OpEx | −$76.7k | −$4.78 |
| NOI | $93.7k | $5.84 |
16,040 SF · lease $11.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.34M
$1.17M – $1.56M
NOI $93,732 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.46M
$3.03M – $4.03M
NOI $242,020 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Lake Charles
- County
- Calcasieu
- State
- Louisiana
- Longitude
- -93.183842
- Latitude
- 30.325301
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight newly constructed duplexes on 1.66 acres in Moss Bluff.
Where is this apartment building located?
The property is located at 1366 Georgia Road Lake Charles, LA.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: Exceptional investment opportunity: 8 newly constructed duplexes (16 units) on a 1.66‑acre lot.; Expansion Potential: New commercial sewer system supports two additional duplexes.; Low‑Maintenance Investment: Located in Flood Zone X and tenants pay all utilities.
