6-36 Kandy Ln - Apartments FOR SALE


Lake Charles, LA 70605
$3,260,000 USD
337-439-1079
6-36 Kandy Ln, Lake Charles, LA for Sale
$3,260,000 USD
Apartments - FOR SALE
1/59
null | 7.02% Cap Rate

6-36 Kandy 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 include ten two-story duplex townhomes, one triplex, and one duplex. The triplex and the duplex are one-story. The ceiling and walls of all units are sheetrock. Electric HVAC systems provide heating and cooling for all 25 units. Each kitchen includes a range/oven, a 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 sq ft of living area with a cement board and brick veneer. There are a total of 1930 sq ft of rear patios and 240 sq ft of front metal canopies. Floors are wood planks and ceramic tile. Each unit contains 1,520 sq ft with 3 bedrooms, 2 and 1/2 baths. TRIPLEX: built in 1975+- and remodeled in 2017. It offers three 760 sq ft 1-bedroom, 1-bath units with 2,280 square feet of living area, plus a 406 sq ft front porch, a 1,930 sq ft patio at the rear, and a 1,032 sq ft 3-car carport. Vinyl plank and carpet on the floors. Each unit has 760 sq ft, 1 bedroom, and 1 bath. DUPLEX: built in 1975_-and rennovated in 2017. It offers 2,517 sq ft of living area with a 188 sq ft of porches at the front, an 80 sq ft wood deck, & a 364 sq ft garage. Vinyl plank and carpet on the floors. One unit offers 1,898 sq ft with 3 bedrooms and two baths. The second unit has 619 sq ft, 1 bedroom, and 1 bath. Rent Rolls and P&L's are available to serious buyers. Over 70 parking places.

FOR SALE DETAILS

PRICE

$3,260,000 USD

PRICE/SF

$72 USD /SF

# OF UNITS

25

PRICE/UNIT

$130,400

CAP RATE

7.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

25 Units near Prien Lake Park in Lake Charles

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

PARKING SPACES

37

LAND DETAILS

LAND ACRES

3.72 AC

LAND SF

162,043 SF

ZONING

MF

APN/PARCEL ID

00094854,00094889,00104094

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 Notice.