9-unit apartment complex conveniently located close to I-10 in $425,000

Lake Lot Off Market

9-unit apartment complex conveniently located close to I-10 in the heart of downtown Lake Charles. There are 8 units with 1 bedroom/1 bath approximately 500 sq ft living each and 1 unit with 2 bedrooms/1 bath. New roofs installed after hurricane, new paint on brick exterior. These units are mostly remodeled inside. All units have Central HVAC system, updated fixtures and fresh interior paint most units. There is also a laundry facility onsite shared by all tenants. All utilities are on one meter, so rent is collected with all bills paid. This property is located in flood zone AE. Seller does not have flood insurance currently. There is an elevation certificate and flood quote attached in MLS. Current flood quote is $12171 per year. Property tax $2517.10 per year. Rent is currently $750-895 monthly per unit. Monthly total rent collected is $7330 when all occupied. - There are 3 vacant units at this time. There is a lockbox on one vacant unit for showing with little notice. - Seller has a package of 4 multifamily complexes and will sell all as a package. - Details also attached in MLS. - Seller will not consider any owner financing at this time. Make offer!!