613 12th St, Lake Charles, LA 70601-6172
This practically brand-new duplex in Lake Charles, LA, presents a compelling investment opportunity. Completely rebuilt after hurricane damage, this property boasts all-new siding, roof, HVAC system, electrical wiring, plumbing, fixtures, cabinets, drywall, and paint. Each of the two units offers three spacious bedrooms and two bathrooms, ideal for families or roommates. Modern design elements are showcased throughout, including open floor plans, vinyl plank flooring, recessed lighting, and built-in storage. The absence of carpet and inclusion of all appliances contribute to easy maintenance and immediate move-in readiness. Separate utility meters ensure tenants are responsible for their own utilities, simplifying management for the owner. Located at 613 12th Street, Lake Charles, LA 70601, this property sits in flood zone X, eliminating the need for flood insurance on a mortgage. Currently vacant, this turnkey investment is poised for immediate rental income generation. The property's modern amenities and convenient location make it highly attractive to renters, promising a strong return on investment. This is an exceptional opportunity for both seasoned investors and those new to the real estate market seeking a low-maintenance, high-yield property. The asking price is $219,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.