1366 Georgia RdLake Charles, LA 70611

Property Details for 1366 Georgia Rd

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional investment opportunity in Lake Charles, Louisiana, presents 8 newly constructed duplexes, totaling 16 units, situated on a 1.66-acre lot in Moss Bluff. Each one-story duplex boasts 962 square feet of living space, featuring two bedrooms, two bathrooms, an open floor plan, washer/dryer hookups, and easy-to-maintain stained concrete floors. Durable Hardi-plank siding and slab foundations ensure low-maintenance construction. All units are separately metered for electricity and include covered front porches. The property benefits from a new, expanded commercial sewer system with capacity for two additional duplexes, offering significant future expansion potential. Located in Flood Zone X, these properties do not require flood insurance. All units are currently leased and require 36-hour notice for showings. Fixed monthly expenses, covering trash, septic testing, and lawn service, total $550. The annual insurance premium is $22,108.67, and property taxes are currently $150 per year (assessed on land value only). Tenants pay all utilities. This property offers a strong, low-maintenance income stream with substantial growth potential. The asking price is $1,750,000. The address is 1366 Georgia Road, Lake Charles, LA 70611.

Location Insight

City

Lake Charles

County

Calcasieu Parish

State

Louisiana

Latitude

30.3238

Longitude

-93.1849

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