2524 Crockett St - Apartments FOR SALE


Lake Charles, LA 70601
$1,900,000 USD
225-297-7874
2524 Crockett St, Lake Charles, LA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/8
null | 6.97% Cap Rate

2524 Crockett St
Lake Charles, LA 70601


HIGHLIGHTS

  • Built in 2018 — Low-maintenance all-brick construction with modern building systems designed to minimize near-term capital expenditures.
  • Historically strong occupancy — Consistently leased workforce housing with minimal downtime between tenants
  • Operationally improved ownership — Recent ownership has focused on strengthening operations through updated leasing, property improvements, and manage
  • Recent capital improvements — Smart lock systems have been installed throughout the portfolio
  • Low-maintenance ownership model — Nine single-story duplex buildings eliminate common hallways stairwells, and elevators while reducing long-term opex
  • Professionally managed investment — Established management systems and operating procedures support a smooth transition for future ownership.

OVERVIEW

The Crockett & Malcolm Duplex Portfolio offers the opportunity to acquire a fully stabilized 18-unit multifamily investment in Lake Charles, Louisiana. The property consists of nine single-story duplex buildings totaling eighteen two-bedroom, one-bathroom units, each containing approximately 885 square feet. Built in 2018, the portfolio features durable all-brick construction, modern building systems, and a low-maintenance design that reduces near-term capital expenditure requirements. The portfolio has been professionally managed and is designed for operational simplicity. Each unit is individually metered, with tenants responsible for their own utilities, resulting in predictable operating expenses and a straightforward ownership structure. The duplex configuration eliminates many of the common maintenance and operational challenges associated with larger apartment communities while maintaining the economies of scale of an 18-unit investment. Located in North Lake Charles, the property serves the region’s stable workforce housing market, supported by major petrochemical, LNG, refining, healthcare, and industrial employers. Combined with recent construction, strong occupancy, and efficient operations, the portfolio is well positioned to appeal to private investors, regional multifamily operators, and 1031 exchange buyers seeking durable cash flow with limited operational complexity.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

18

PRICE/UNIT

$105,556

CAP RATE

6.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

Business

APN/PARCEL ID

00289906

ASK ABOUT THIS PROPERTY

Dex ShillNAI RampartMore Info
225-297-7874

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Dex ShillNAI RampartMore Info
225-297-7874

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