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25 Units near Prien Lake Park in Lake Charles 6-36 Kandy Ln 25 Unit Apartment Building $3,260,000 ($130,400/Unit) 7.02% Cap Rate Lake Charles, LA 70605
Investment Highlights
- 100% Occupied
- The 20 townhouses were completed in 2019
- Tenants enjoy an easy walk to Prien Lake Park with numerous amenities, incuding a boat and kayak launch
- Excellent condition
- The Duplex and Triplex were renovated in 2017
- Easy access to I-210, casino and golf resorts, shopping and restaurants
Executive Summary
The 25 units on this 3.72+- site include ten two-story duplex townhomes, one triplex, and one duplex. The triplex and the duplex are one-story. The ceiling and walls of all units are sheetrock. Electric HVAC systems provide heating and cooling for all 25 units. Each kitchen includes a range/oven, a vent hood, and a refrigerator. Microwaves are provided in the townhouses. Each unit includes a washer, dryer, and refrigerator.
TOWNHOUSES: Completed in 2019 and offer a combined total of 30,400 sq ft of living area with a cement board and brick veneer. There are a total of 1930 sq ft of rear patios and 240 sq ft of front metal canopies. Floors are wood planks and ceramic tile. Each unit contains 1,520 sq ft with 3 bedrooms, 2 and 1/2 baths.
TRIPLEX: built in 1975+- and remodeled in 2017. It offers three 760 sq ft 1-bedroom, 1-bath units with 2,280 square feet of living area, plus a 406 sq ft front porch, a 1,930 sq ft patio at the rear, and a 1,032 sq ft 3-car carport. Vinyl plank and carpet on the floors. Each unit has 760 sq ft, 1 bedroom, and 1 bath.
DUPLEX: built in 1975_-and rennovated in 2017. It offers 2,517 sq ft of living area with a 188 sq ft of porches at the front, an 80 sq ft wood deck, & a 364 sq ft garage. Vinyl plank and carpet on the floors. One unit offers 1,898 sq ft with 3 bedrooms and two baths. The second unit has 619 sq ft, 1 bedroom, and 1 bath. Rent Rolls and P&L's are available to serious buyers.
Over 70 parking places.
TOWNHOUSES: Completed in 2019 and offer a combined total of 30,400 sq ft of living area with a cement board and brick veneer. There are a total of 1930 sq ft of rear patios and 240 sq ft of front metal canopies. Floors are wood planks and ceramic tile. Each unit contains 1,520 sq ft with 3 bedrooms, 2 and 1/2 baths.
TRIPLEX: built in 1975+- and remodeled in 2017. It offers three 760 sq ft 1-bedroom, 1-bath units with 2,280 square feet of living area, plus a 406 sq ft front porch, a 1,930 sq ft patio at the rear, and a 1,032 sq ft 3-car carport. Vinyl plank and carpet on the floors. Each unit has 760 sq ft, 1 bedroom, and 1 bath.
DUPLEX: built in 1975_-and rennovated in 2017. It offers 2,517 sq ft of living area with a 188 sq ft of porches at the front, an 80 sq ft wood deck, & a 364 sq ft garage. Vinyl plank and carpet on the floors. One unit offers 1,898 sq ft with 3 bedrooms and two baths. The second unit has 619 sq ft, 1 bedroom, and 1 bath. Rent Rolls and P&L's are available to serious buyers.
Over 70 parking places.
Data Room Click Here to Access
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,260,000 | Building Class | C |
| Price Per Unit | $130,400 | Lot Size | 3.72 AC |
| Sale Type | Investment | Building Size | 45,092 SF |
| Cap Rate | 7.02% | Average Occupancy | 100% |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment | Parking Ratio | 1.48/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | MF - Neighborhood, Residential,MF | ||
| Price | $3,260,000 |
| Price Per Unit | $130,400 |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 3.72 AC |
| Building Size | 45,092 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2019 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | MF - Neighborhood, Residential,MF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Family Room
- Island Kitchen
- Pantry
- Patio
- Porch
- Large Bedrooms
Site Amenities
- Pet Play Area
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,125 | 619 |
| 2+2 | 3 | $970.00 | 760 |
| 3+2 | 1 | $1,325 | 1,898 |
| 3+2.5 | 20 | $1,535 | 1,520 |
Property Taxes
| Parcel Numbers | Total Assessment | $308,100 (2025) | |
| Land Assessment | $11,510 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $296,590 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$11,510 (2025)
Improvements Assessment
$296,590 (2025)
Total Assessment
$308,100 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Presented by
Mary Kay Hopkins, LLC
25 Units near Prien Lake Park in Lake Charles | 6-36 Kandy Ln
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