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    821 18Th St Lake Charles, LA 70601

    For Sale
    $422,480

    Eight efficiency apartments, immediate income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity in Lake Charles, Louisiana, presents four duplex units totaling eight efficiency apartments, each featuring one bedroom, one bath, a spacious living room, full kitchen with electric range and refrigerator, and washer/dryer hookups. Situated on a one-acre lot at 821 W 18th Street A-H, this property offers significant potential for future expansion or development. The property's prime location near Lake Street provides easy access to retail, restaurants, and hotels, ensuring high tenant demand. All units are currently occupied, generating immediate rental income. The asking price is $422,480. This is a special purpose property classified as industrial and commercial land, offering a blend of immediate return and long-term growth potential. All measurements are approximate

    Property Features for 821 18Th St

    General Information

    Property type
    Manufacturing properties

    HighLights

    • Eight‑unit multifamily property (four duplexes) in Lake Charles, LA.
    • Each unit is a one‑bedroom, one‑bathroom efficiency with kitchen and laundry hookups.
    • Situated on a one‑acre lot at 821 W 18th Street.
    • Prime location near Lake Street with high tenant demand.
    • 100% occupied, generating immediate cash flow.
    • Asking price: $422,480.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mitzi D Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Charles
    County
    Calcasieu Parish
    State
    Louisiana
    Longitude
    -93.2335838
    Latitude
    30.2054175

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    FAQs

    What type of property is this?
    Manufacturing property - Eight efficiency apartments, immediate income.
    Where is this manufacturing property located?
    The property is located at 821 18Th St Lake Charles, LA.
    What is the asking price?
    The asking price for this property is $422,480.
    What are key features of this property?
    This property features: Eight-unit multifamily property (four duplexes) in Lake Charles, LA.; Each unit is a one-bedroom, one-bathroom efficiency with kitchen and laundry hookups.; Situated on a one-acre lot at 821 W 18th Street.
    Request Owner's contact information
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    Lake Charles, LA 70601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    821 18Th St Lake Charles, LA 70601
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