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602 Penn St 1,052 SF Flex Condo Unit Offered at $1,470,000 in Lake Charles, LA 70601
EXECUTIVE SUMMARY
Welcome to a superb investment opportunity with this nearly new, well-maintained apartment complex! Built in 2023, this property features 9 modern, 2-bedroom, 2-bathroom units, each unit is 1,052 square feet. With 8 of the 9 units currently leased, you'll benefit from immediate cash flow. The complex boasts low maintenance requirements, making it an ideal investment for those seeking a hassle-free property. With its prime location and modern amenities, this complex is a fantastic addition to any real estate portfolio. Don’t miss out on this opportunity to acquire a near-new property with strong income potential!
PROPERTY FACTS
| Total Building Size | 9,468 SF | Floors | 2 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 4,734 SF |
| Property Subtype | Apartment | Year Built | 2023 |
| Building Class | C | Lot Size | 0.61 AC |
| Zoning | C-3 - Commercial | ||
| Total Building Size | 9,468 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 4,734 SF |
| Year Built | 2023 |
| Lot Size | 0.61 AC |
| Zoning | C-3 - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Refrigerator
- Island Kitchen
1 UNIT AVAILABLE
Unit 9
| Unit Size | 1,052 SF | Sale Type | Investment |
| Price | $1,470,000 | Sale Conditions | High Vacancy Property |
| Price Per SF | $1,397.34 | APN/Parcel ID | 00380903 |
| Condo Use | Flex |
| Unit Size | 1,052 SF |
| Price | $1,470,000 |
| Price Per SF | $1,397.34 |
| Condo Use | Flex |
| Sale Type | Investment |
| Sale Conditions | High Vacancy Property |
| APN/Parcel ID | 00380903 |
DESCRIPTION
Welcome to a superb investment opportunity with this nearly new, well-maintained apartment complex! Built in 2023, this property features 9 modern, 2-bedroom, 2-bathroom units, each unit is 1,052 square feet. With 8 of the 9 units currently leased, you'll benefit from immediate cash flow. The complex boasts low maintenance requirements, making it an ideal investment for those seeking a hassle-free property. With its prime location and modern amenities, this complex is a fantastic addition to any real estate portfolio. Don’t miss out on this opportunity to acquire a near-new property with strong income potential!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 9 | $1,100 | - |
Presented by
Latter & Blum / Compass - LC
602 Penn St
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