2200 Bancroft St - Apartments FOR SALE


Lake Charles, LA 70607
$1,900,000 USD
832-646-0222
2200 Bancroft St, Lake Charles, LA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

2200 Bancroft St
Lake Charles, LA 70607


HIGHLIGHTS

  • Newley remodeled units with large floor plans including townhome style units.
  • Nestled in a quiet subdivision neighboring the new DR Horton community.
  • Minutes away from Golden Nugget Lake Charles Hotel & Casino and L’Auberge Casino Resort.
  • Minutes away from McNeese University & Lake Charles Regional Airport.
  • over 500k Capex new ac 2ton acunits new roof new parking fully remodeled interiors

OVERVIEW

PRICE DROPPED! Prime investment opportunity. Great location. Remodeled but Room for value add. Appraised well over asking price. $950 avg rent per unit with potential go $200 higher per unit Units have laminate flooring, refrigerator, oven, and new two ton ac units with central air and heating. Community has onsite & off-street parking, Owner adding new laundry site with 4 washers 4 dryers owned outright as extra income and washer/dryer hookups on all one story units for added convenience. Utilities like sewage, garbage, and water are included

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

28

PRICE/UNIT

$67,857

CAP RATE

Request Cap Rate

% LEASED

79%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BANCROFT APTS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,687 SF

ZONING

-

APN/PARCEL ID

00834599,00834602,00834610,00834629,00834645

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832-646-0222

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832-646-0222

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