New Duplexes: Investment
1366 Georgia Road Lake Charles, LA 70611
1366 Georgia Road, Lake Charles, LA, 70611
Contact for pricing
For Sale
Contact for pricing
Pending
Eight newly constructed duplexes on 1.66 acres in Moss Bluff.
Property Size16,040 SF
Lot Size1.66 Acres
Days on Market722
Property Features for 1366 Georgia Road
General Information
- Standard status
- Pending
- Size
- 16,040 SF
- Lot size
- 1.66 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing Agency
Coldwell Banker Commercial Ingle Safari Realty
Listed by
Robbie Ingle · License #0912122392
Source
Crexi
Added: Jul 27, 2024 Checked: Jul 16 at 8:13 am
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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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.
