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, including Interstate 10 and U.S. Hwy
- It’s also within close proximity to business hubs like the Lake Charles Port and Westlake Chemical.
- Urban Development and Infrastructure Investment – The local government of Lake Charles has been actively investing in the region’s infrastructure
- Employment Opportunities – The Lake Charles area is home to several large employers, including Citgo Petroleum, Cheniere Energy, and Sasol America
- 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
$80 USD /SF
# OF UNITS
62
PRICE/UNIT
$72,581
CAP RATE
10.01%
% LEASED
92%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Madrid Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
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
Business
APN/PARCEL ID
00808830
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281-809-4006
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281-809-4006
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