2031 3rd Street, Lake Charles, LA 70601
Local realty services provided by:ERA Sarver Real Estate
Office: coldwell banker ingle safari r
MLS#:SWL23007065
Source:LA_SWLAR
Price summary
- Price:$647,000
- Price per sq. ft.:$72.61
About this home
Incredible opportunity alert! This 12-unit Apartment Complex is a fantastic deal, priced below its last appraisal of $780,000. The motivated seller is eagerly awaiting your offer! The complex consists of 8 units in the 2031 3rd building and 4 units in the 2033 3rd building. The 8-unit building boasts two stories, while the 4-unit building is a single-story structure with a porch at the rear and the added benefit of some covered parking spaces. Both buildings feature covered walkways that open onto a charming courtyard nestled between them. Please note that the complex is not individually metered for gas and water. The property taxes are $1,219.34 yearly, and it's located in Flood Zone AE. The current flood policy costs $3940 per year for the 2031 building and $2,237 per year for the 2033 building. Recent improvements include a roof replacement in 2021 for both buildings, ensuring long-lasting value and protection for your investment. Many of the units have undergone remodeling, and all units are rented. This is your chance to own a thriving Apartment Complex with great potential. Act now, make your offer, and secure this outstanding investment today! Seller will entertain a owner financed deal with a large down payment on a 5 year balloon term.
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Home facts
- Year built:1980
- Listing ID #:SWL23007065
- Added:749 day(s) ago
- Updated:December 18, 2025 at 04:18 PM
Rooms and interior
- Living area:8,911 sq. ft.
Structure and exterior
- Roof:Shingle
- Year built:1980
- Building area:8,911 sq. ft.
- Lot area:0.34 Acres
Utilities
- Water:Public
Finances and disclosures
- Price:$647,000
- Price per sq. ft.:$72.61
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