Current Use by Public Records
- Specialty properties
Property Details for 3069 Old Town Rd
- Property type
- Specialty properties
- Property subtype
- Land
Description
This exceptional investment opportunity presents a unique chance to acquire a 0.9-acre commercial property located at 3069 Old Town Road, Lake Charles, Louisiana, 70615. Currently featuring three residential units, this property offers significant upside potential. The property includes a 2-bedroom, 2-bathroom unit, another 2-bedroom, 1-bathroom unit, and a third 2-bedroom, 1-bathroom unit. Additionally, a fourth, older cottage structure is present on the site, presenting a potential for renovation and additional rental income. Two of the existing units are currently vacant, allowing for immediate inspection and customization. The property has undergone recent improvements, including new roofs, following the 2020 storms, demonstrating its resilience and strong foundation. The asking price of $215,000 is significantly below a recent appraisal, representing a compelling value proposition for investors. This property's history of successful rentals and its prime location in Lake Charles, Calcasieu Parish, make it an attractive investment with a high potential for strong returns. The property's size and existing structures provide flexibility for various development scenarios, catering to both short-term and long-term investment strategies. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable location at a remarkably competitive price.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Charles
- County
- Calcasieu Parish
- State
- Louisiana
- Longitude
- -93.1697
- Latitude
- 30.2767
