For Sale
$99,000

1818 4Th StLake Charles, LA 70601

Renovated Duplex, High Rental Income

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity awaits with this fully renovated duplex located at 1818-1820 4th Street, Lake Charles, LA 70601. This property presents a compelling chance for both seasoned investors and first-time homebuyers. The duplex boasts two identical units, each featuring one bedroom and one bathroom. Both units offer spacious floor plans, including a large living room, a generously sized bedroom with ample closet space, and a well-appointed kitchen complete with appliances. Convenient in-unit washer and dryer hookups are also included. Heating and cooling are provided by window units, supplemented by gas wall furnaces. Recent upgrades include a new roof, fresh interior and exterior paint, a complete rewiring, updated PEX plumbing, and newer hot water heaters. The property generates a strong rental income averaging $1300-$1400 per month, with separate electric and water meters for each unit. While located in flood zone A, a flood insurance quote of $1903 per year is available. This turnkey property is priced to sell at $99,000 and represents a remarkable return on investment. All utilities were paid by tenants. This is a rare opportunity to acquire a well-maintained, high-yielding duplex in a desirable location. Don't miss out!

Highlights

  • $99,000 asking price for a duplex in Lake Charles, LA.
  • Fully renovated duplex with new roof, paint (interior & exterior), wiring, Pex plumbing, and hot water heaters.
  • Each of the two units features one bedroom, one bath, a spacious living room, and a kitchen with appliances, plus washer/dryer hookups.
  • Average monthly rental income of $1,300-$1,400.
  • Located in flood zone A; annual flood insurance quote of $1,903 available.

Property Details for 1818 4Th St

Property type
Land, Industrial properties

Location Insight

City
Lake Charles
County
Calcasieu Parish
State
Louisiana
Latitude
30.2225101
Longitude
-93.1951904
1818 4Th St, Lake Charles, Louisiana

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1818 4Th St
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