1711 Bilbo St - Multi-Family FOR SALE


Lake Charles, LA 70601- Downtown Lake Charles
$1,120,000 USD
337-802-6630
1711 Bilbo St, Lake Charles, LA for Sale
$1,120,000 USD
Multi-Family - FOR SALE
1/4
null | 7.5% Cap Rate

1711 Bilbo St
Lake Charles, LA 70601
Downtown Lake Charles


HIGHLIGHTS

  • Newly built in 2024 with four townhouse-style units.
  • Each unit offers four bedrooms, three bathrooms, and an attached two-car garage.
  • Prime downtown Lake Charles location near shopping, dining, and parks.

OVERVIEW

1711 Bilbo Street offers a newly constructed multi-family investment opportunity in the heart of downtown Lake Charles. Built in 2024, this property consists of four spacious townhouse-style units, each featuring high ceilings, four bedrooms, and three bathrooms. Every unit includes an attached two-car garage, providing a total of eight covered parking spaces, and is equipped with modern appliances such as a dishwasher, refrigerator, electric range, microwave, and washer/dryer hookups. Each unit is individually metered for water and electricity, with tenants responsible for their own utilities, ensuring streamlined operations for owners. Currently leased at $1,800 per month per unit, the property generates an annual gross income of approximately $84,000, offering strong cash flow potential. Located just steps from downtown amenities, dining, shopping, and parks, this property combines modern design with a prime location, making it an attractive option for investors seeking stable returns in a growing market.

FOR SALE DETAILS

PRICE

$1,120,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

4

PRICE/UNIT

$280,000

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

00753483

ASK ABOUT THIS PROPERTY

TONI ALEXANDERCentury 21 Bono RealtyMore Info
337-802-6630

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TONI ALEXANDERCentury 21 Bono RealtyMore Info
337-802-6630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.