#6-36 Kandy Lane Ln - Multi-Family FOR SALE


Lake Charles, LA 70605
$3,400,000 USD
337-439-1079
#6-36 Kandy Lane Ln, Lake Charles, LA for Sale
$3,400,000 USD
Multi-Family - FOR SALE
1/59
null | 6.1% Cap Rate

#6-36 Kandy Lane Ln
Lake Charles, LA 70605


HIGHLIGHTS

  • 100% Occupied
  • Excellent condition
  • The 20 townhouses were completed in 2019
  • The Duplex and Triplex were renovated in 2017
  • Tenants enjoy an easy walk to Prien Lake Park with numerous amenities, incuding a boat and kayak launch
  • Easy access to I-210, casino and golf resorts, shopping and restaurants

OVERVIEW

The 25 units on this 3.72+- site includes ten, two story duplex townhomes, one triplex, and one duplex. The triplex and duplex are one story. The ceiling and walls of all units are sheetrock. Electric HVAC systems provides heating and cooling for all 25 units. Each kitchen includes a range/oven, vent hood, and a refrigerator. Microwaves are provided in the townhouses. Each unit includes a washer, dryer, and refrigerator. TOWNHOUSES: Completed in 2019 and offer a combined total of 30,400 SqFt of living area with a cement board and brick veneer. There are a total of 1930 SqFt of rear patios and 240 SqFt of front metal canopies. Floors are wood plank and ceramic tile. Each unit contains1,520 SqFt with 3 bedrooms, 2 and 1/2 baths. TRIPLEX:built in 1975+- and remodeled in 2017. It offers three, 760 square foot 1 bedroom, 1 bath units with 2,280 SqFt of living area, plus a 406 SqFt front porch, a 1930 SqFt patio at the rear, and a 1,032 SqFt 3-car carport. Vinyl plank and carpet on the floors. Each unit has 760 SqFt with 1 bedroom and 1 bath. DUPLEX: built in 1975_-and rennovated in 2017. It offers 2,517 SqFt of living area with a 188 SqFt of porches at the front, an 80 SqFt wood deck, & a 364 SqFt garage. Vinyl plank and carpet on the floors. One unit offers 1,898 SqFt with 3 bedrooms, and two baths. The second unit has 619 SqFt with 1 bedroom and 1 bath.Rent Rolls and P&L's are available to serious buyers. Over 70 parking places.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

25

PRICE/UNIT

$136,000

CAP RATE

6.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

25 Units near Prien Lake Park in Lake Charles

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.72 AC

LAND SF

162,043 SF

ZONING

Neighborhood, Residential

APN/PARCEL ID

00094854,00094854,00057819, 00094889, 00104094

ASK ABOUT THIS PROPERTY

Mary Kay HopkinsMary Kay Hopkins, LLCMore Info
337-439-1079

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Mary Kay HopkinsMary Kay Hopkins, LLCMore Info
337-439-1079

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