1019 Common St Street

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1019 Common St Street

Lake Charles, LA 70601
Asking Price
$410K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Lake Charles Louisiana
  • Property situated at 1019 Common Street in the 70601 area
  • The asking price for this residential asset is 410000 dollars
  • Asset occupies a central position within the regional submarket
  • Suitable investment for professional residential portfolio management

What's Special

Lake Charles serves as a prominent industrial and economic hub within southwest Louisiana, benefiting from its proximity to major petrochemical facilities and the regional commerce of Calcasieu Parish. This multifamily apartment building at 1019 Common St offers a strategic acquisition within the local housing market. Given its location in the 70601 zip code, the property sits near the primary urban core, providing convenient access to downtown amenities, employment centers, and regional thoroughfares. The asset presents a straightforward addition for investors seeking residential rental properties in a growing coastal market. Its layout and positioning within this established neighborhood make it a practical choice for long-term hold strategies or portfolio expansion. Operators focusing on workforce housing or stable residential yield will find the scale and location of this building conducive to professional management and consistent tenant interest.

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NOI
$80,000
Cap Rate
19.51%
DSCR
3.29
Strong
Cash-on-Cash
45.25%
Monthly Payment
$2,028.456
Annual Cash Flow
$55,658.524

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