2200 Bancroft St Lake Charles, LA 70607
- Commercial real estate
- 20,580 SF
- 0.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2200 Bancroft St
- Year built
- 1980
- Lot size
- 0.50 lot acres
- Property size
- 20,580 SF
- Property type
- Commercial real estate
Description
This stabilized Class B multifamily investment property, located at 2200 Bancroft St, Lake Charles, LA 70607, presents a compelling opportunity. The property consists of four, two-story buildings totaling 20,580 square feet on a 0.5-acre lot. Built in 1980 and extensively renovated in 2024, the property boasts 28 units with a 95% occupancy rate. Each unit features laminate flooring, a refrigerator, oven, and central heating. Residents enjoy the convenience of onsite and off-street parking, along with washer/dryer hookups. Utilities including sewage, garbage, and water are included. The asking price is $2,200,000, translating to $106.90 per square foot and $78,571.43 per unit. This property offers significant value-add potential. Its prime location offers proximity to the Golden Nugget Lake Charles Hotel & Casino, L'Auberge Casino Resort, McNeese University, and Lake Charles Regional Airport. Furthermore, it's situated in a quiet subdivision adjacent to a new DR Horton community. The spacious floor plans, including townhome-style units, contribute to the property's appeal. This is a rare opportunity to acquire a well-maintained, high-occupancy apartment complex in a desirable location.
Value Estimation
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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
- -93.1902635
- Latitude
- 30.1911369
