1818 4Th St Lake Charles, LA 70601
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 1818 4Th St
- Property type
- Small apartment buildings
Description
Exceptional opportunity to acquire a fully renovated duplex in Lake Charles, Louisiana, situated at 1818-1820 4th Street, zip code 70601. This property presents a compelling investment prospect for both seasoned investors and first-time homebuyers. The duplex boasts two identical units, each featuring one bedroom and one bathroom. Both units offer spacious floor plans, including a sizable living room, a generously sized bedroom with ample closet space, and a well-appointed kitchen complete with appliances. Convenient in-unit washer and dryer hookups are also included. Heating and cooling are provided by window units, supplemented by gas wall furnaces. Recent renovations encompass a new roof, fresh interior and exterior paint, a complete rewiring, updated PEX plumbing, and newer hot water heaters. The property generates an average monthly rental income of $1300-$1400, with separate electric and water meters for each unit. Tenants historically covered all utility bills. Note that this property is located in flood zone A, and while the seller does not carry flood insurance, a quote of $1903 per year is available. Priced aggressively for a quick sale, this duplex represents an outstanding value in the current market. This is a prime investment opportunity not to be missed.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Charles
- County
- Calcasieu Parish
- State
- Louisiana
- Longitude
- -93.1951904
- Latitude
- 30.2225101
