2804 Hazel St Lake Charles, LA 70601
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 2804 Hazel St
- Property type
- Commercial real estate
Description
This exceptional investment opportunity in Lake Charles, Louisiana, presents a diverse portfolio of nine income-producing units, strategically located on Hazel Street. The package includes a four-plex, a duplex, and three single-family homes, all currently generating rental income with eight of the nine units occupied. Additionally, the property encompasses a warehouse and two vacant lots, offering significant potential for future development. The existing structures provide immediate cash flow, while the vacant land presents an opportunity to construct additional affordable housing units, capitalizing on the high demand in the area. The property's convenient location offers easy access to shopping, dining, schools, and public transportation. This discounted package represents a significant below-market value acquisition. Detailed financial information, including rental income, zoning details, tax assessments, insurance information, flood zone designation, plats, and property measurements are available in the supplemental documents. Note that one home and two vacant lots may have limited or no immediate value, presenting further development opportunities. This is a rare chance to acquire a substantial multi-family portfolio in a thriving Louisiana market.
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
- -93.225732
- Latitude
- 30.203932
