For Sale
$1,750,000

1366 Georgia RdLake Charles, LA 70611

16-Unit Duplexes, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity in Lake Charles, Louisiana, presents 8 newly constructed duplexes, totaling 16 units, situated on a 1.66-acre lot in Moss Bluff. Each one-story duplex boasts 962 square feet of living space, featuring two bedrooms, two bathrooms, an open floor plan, washer/dryer hookups, and easy-to-maintain stained concrete floors. Durable Hardi-plank siding and slab foundations ensure low-maintenance construction. All units are separately metered for electricity and include covered front porches. The property benefits from a new, expanded commercial sewer system with capacity for two additional duplexes, offering significant future expansion potential. Located in Flood Zone X, these properties do not require flood insurance. All units are currently leased and require 36-hour notice for showings. Fixed monthly expenses, covering trash, septic testing, and lawn service, total $550. The annual insurance premium is $22,108.67, and property taxes are currently $150 per year (assessed on land value only). Tenants pay all utilities. This property offers a strong, low-maintenance income stream with substantial growth potential. The asking price is $1,750,000. The address is 1366 Georgia Road, Lake Charles, LA 70611.

Highlights

  • $1,750,000 asking price for a multifamily investment property.
  • 16-unit, newly constructed duplexes on a 1.66-acre lot in Moss Bluff, LA.
  • Each unit is a 2 bed/2 bath, 962 sq ft, with Hardi-plank siding, slab foundation, stained concrete floors, and covered porch.
  • All units are separately metered for electricity and currently leased; 36-hour notice required for showings.
  • Located in Flood Zone X (no flood insurance required); Property includes a new, expanded sewer system with potential for future expansion.
  • Low maintenance with tenant-paid utilities; fixed expenses are $550/month (trash, septic, lawn).

Property Details for 1366 Georgia Rd

Property type
Land, Industrial properties

Location Insight

City
Lake Charles
County
Calcasieu Parish
State
Louisiana
Latitude
30.3237657
Longitude
-93.1848701
1366 Georgia Rd, Lake Charles, Louisiana

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1366 Georgia Rd
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