2200 Bancroft StLake Charles, LA 70607

  • Residential income properties
  • 20,580 SF
For Sale
$2,200,000 View listing

Property Details for 2200 Bancroft St

Year built
1980
Lot size
0.50 AC
Property size (Sq ft)
20,580 SF
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This stabilized Class B multifamily investment property, located at 2200 Bancroft St, Lake Charles, LA 70607, presents a compelling opportunity. The property consists of four, two-story buildings totaling 20,580 square feet on a 0.5-acre lot. Built in 1980 and extensively renovated in 2024, the property boasts 28 units with a 95% occupancy rate. Each unit features laminate flooring, a refrigerator, oven, and central heating. Residents enjoy the convenience of onsite and off-street parking, along with washer/dryer hookups. Utilities including sewage, garbage, and water are included. The asking price is $2,200,000, translating to $106.90 per square foot and $78,571.43 per unit. This property offers significant value-add potential. Its prime location offers proximity to the Golden Nugget Lake Charles Hotel & Casino, L'Auberge Casino Resort, McNeese University, and Lake Charles Regional Airport. Furthermore, it's situated in a quiet subdivision adjacent to a new DR Horton community. The spacious floor plans, including townhome-style units, contribute to the property's appeal. This is a rare opportunity to acquire a well-maintained, high-occupancy apartment complex in a desirable location.

2200 Bancroft St, Lake Charles, Louisiana

Location Insight

City
Lake Charles
County
Calcasieu Parish
State
Louisiana
Latitude
30.1911
Longitude
-93.1903

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