3201 2nd Ave - Apartments FOR SALE
Lake Charles, LA 70601 |
$4,500,000 USD
281-809-4006
3201 2nd Ave
Lake Charles, LA 70601
HIGHLIGHTS
- PROXIMITY TO KEY AMENITIES- The property is strategically located just minutes from key transportation routes
- URBAN DEVELOPMENT AND INFRASTRUCTURE INVESTMENT- The local government of Lake Charles has been actively investing in the region
- EMPLOYMENT OPPORTUNITIES- The Lake Charles area is home to several large employers
- LIMITED HOUSING SUPPLY- The demand for rental properties is outpacing the supply in the area
- STEADY RENT GROWTH- Due to strong demand and low supply, rents have been increasing steadily over the past few years
FOR SALE DETAILS
PRICE
$4,500,000 USD
PRICE/SF
$56 USD /SF
# OF UNITS
62
PRICE/UNIT
$72,581
CAP RATE
10.01%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
MADRID APARTMENTS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1964
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.98 AC
LAND SF
129,809 SF
ZONING
-
APN/PARCEL ID
00808830
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
281-809-4006
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
281-809-4006
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
