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1711 Bilbo St 4 Unit Apartment Building Offered at $1,120,000 at a 7.50% Cap Rate Lake Charles, LA 70601
Investment Highlights
- Newly built in 2024 with four townhouse-style units.
- Prime downtown Lake Charles location near shopping, dining, and parks.
- Each unit offers four bedrooms, three bathrooms, and an attached two-car garage.
Executive Summary
1711 Bilbo Street offers a newly constructed multi-family investment opportunity in the heart of downtown Lake Charles. Built in 2024, this property consists of four spacious townhouse-style units, each featuring high ceilings, four bedrooms, and three bathrooms. Every unit includes an attached two-car garage, providing a total of eight covered parking spaces, and is equipped with modern appliances such as a dishwasher, refrigerator, electric range, microwave, and washer/dryer hookups.
Each unit is individually metered for water and electricity, with tenants responsible for their own utilities, ensuring streamlined operations for owners. Currently leased at $1,800 per month per unit, the property generates an annual gross income of approximately $84,000, offering strong cash flow potential. Located just steps from downtown amenities, dining, shopping, and parks, this property combines modern design with a prime location, making it an attractive option for investors seeking stable returns in a growing market.
Each unit is individually metered for water and electricity, with tenants responsible for their own utilities, ensuring streamlined operations for owners. Currently leased at $1,800 per month per unit, the property generates an annual gross income of approximately $84,000, offering strong cash flow potential. Located just steps from downtown amenities, dining, shopping, and parks, this property combines modern design with a prime location, making it an attractive option for investors seeking stable returns in a growing market.
Property Facts
| Price | $1,120,000 | Property Type | Multifamily |
| Price Per Unit | $280,000 | Building Size | 8,000 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 7.50% | Year Built | 2020 |
| No. Units | 4 |
| Price | $1,120,000 |
| Price Per Unit | $280,000 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 8,000 SF |
| No. Stories | 2 |
| Year Built | 2020 |
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Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (70)
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1711 Bilbo St
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