1366 Georgia Road Lake Charles, LA 70611
Listing Courtesy of: GREATER SOUTHERN MLS - IDX / Coldwell Banker Ingle Safari Realty / Robbie Ingle

  1366 Georgia Road Lake Charles, LA 70611

Active
$1,750,000
16,040
SQFT

Description

Explore this exceptional investment opportunity with 8 newly constructed duplexes on a 1.66-acre lot in Moss Bluff. This property presents a prime chance for buyers looking to enhance their investment portfolio. Each duplex features a modern, one-story design with durable Hardi-plank siding and is built on a slab foundation, offering a total of 16 units. Each unit spans 962 sq/ft and includes a 2 bedroom/2 bathroom layout with an open floor plan, washer/dryer hookups, and stained concrete floors, which are ideal for easy maintenance. The thoughtful design promotes comfortable living spaces that are highly attractive to tenants. All units are separately metered for electricity and come with covered front porches, adding to the appeal and functionality of each space. The property also boasts a new, expanded commercial sewer system capable of supporting two additional duplexes, providing significant expansion potential. Located in Flood Zone X, these properties do not require flood insurance, further enhancing their attractiveness as a low-maintenance investment. All units are leased and will need 36 hour notice for any showings. Don’t miss out on this lucrative investment opportunity in a desirable location. Tenants pay all utilities so the fixed income expenses are only $550 month to include trash pickup, septic tank monthly testing, and lawn service. The current insurance premium is: $ 22,108.67 yearly on all buildings and property taxes are $150/ year currently assessed at land only.

MLS #:
SWL24004379
Lot Size
1.6 acres
Type
Multifamily
Year Built
2023
Style
Traditional
Views
Neighborhood
County
Calcasieu Parish

Listed By

Robbie Ingle, Coldwell Banker Ingle Safari Realty
Source
GREATER SOUTHERN MLS - IDX
Last checked Nov 9 2024 at 9:04 PM GMT+0000
Bathroom Details
Interior Features
  • Dishwasher
  • Laundry: Washer Hookup
  • Electric Range
  • Laundry: Electric Dryer Hookup
Lot Information
  • Paved
  • Outside City Limits
Property Features
  • Foundation: Slab
Heating and Cooling
  • Central
  • Central Air
Exterior Features
  • Roof: Shingle
Utility Information
  • Utilities: Water Source: Public, Electricity Connected, Water Connected, Sewer Connected
  • Sewer: Private Sewer
Parking
  • Asphalt
Stories
  • 1
Location
   
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Disclaimer: Copyright 2024 Greater Southern MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/9/24 13:04