This Multifamily Property is no longer advertised on LoopNet.com.

2400 Fruge St
Lake Charles, LA 70601
The Oaks Apartments · Multifamily Property For Sale · 56 Units

Investment Highlights

  • 56 Newly Renovated LIHTC units located in Lake Charles, LA.
  • Initial Compliance Period expired in 2015
  • Built in 2004, with complete interior renovation, new roofs, parking lot restriped, majority new appliances and updated finishes in 2022/2023.
  • Extended Compliance period expires in 2030 and is currently QC eligible
  • All units are individually metered for all utilities and Tenants are responsible for these expenses which reduces the expense load for the owners.
  • Lake Charles is renowned for their petrochemical industry and gaming industry.

Property Facts

No. Units 56
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
Apartment Style Garden
Building Class B
Lot Size 3.66 AC
Building Size 86,226 SF
Average Occupancy 93%
No. Stories 3
Year Built/Renovated 2004/2023
Parking Ratio 1.3/1,000 SF
Zoning Business - Business. Allows for Apartments

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer Hookup
  • Granite Countertops
  • Refrigerator
  • Sprinkler System
  • Vinyl Flooring
  • Wheelchair Accessible (Rooms)

Site Amenities

  • 24 Hour Access
  • Clubhouse
  • Laundry Facilities
  • Property Manager on Site
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - 703
2+1 24 - 842
3+2 19 - 1,144
4+2 9 - 1,289

Property Taxes

Property Taxes

Parcel Number
01344281
Land Assessment
$13,780
Improvements Assessment
$92,600
Total Assessment
$106,380
  • Listing ID: 29339454

  • Date on Market: 8/22/2023

  • Last Updated:

  • Address: 2400 Fruge St, Lake Charles, LA 70601

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}