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Listed by The Real Estate Brokerage
$ 690,000
Est. payment /mo
Active
1480 Joe Miller RD Lake Charles, LA 70611
11,878 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 11,878 sqft
Price per Sqft $58
MLS Listing ID SWL26001884
HOA Y/N No
Year Built 2000
Lot Size 3.860 Acres
Acres 3.86
Lot Dimensions 279x291x50x228x674
Property Sub-Type Duplex
Property Description
INVESTORS!! Priced under appraised value! Don't miss out on this opportunity! This multi-tenant park is located in Moss Bluff! Property includes: 2 homes, 5 Mobile homes, 2 duplex (4doors), one trailer that is paying lot rent, along with 3 empty lots providing even more potential to grow income! State and Parish sewer permits are up to date, 3 mechanical systems and oxidation pond service the property. Public water, two meters on the property, tenants are charged water monthly. DEQ in good standing. At the current rates, with 100% occupancy property has an estimated CAP rate of 15-16% with potential of higher rent plus two more doors in the future! All measurments are m/l.
Location
State LA
County Calcasieu
Area Other
Direction From I-10, take 171 north, west onto Joe Miller, property on North side of road
Interior
Fireplace No
Exterior
View Y/N No
Water Access Desc Public
Private Pool No
Building
Lot Description City Lot, Rectangular Lot
Story 1
Sewer Aerobic Septic
Water Public
Others
Tax ID 00007315
Special Listing Condition Standard