1708 W Common St Street

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1708 W Common St Street

Lake Charles, LA 70601
Asking Price
$315K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for purchase in Lake Charles
  • Asset offered at a total asking price of $315,000
  • Located in the 70601 zip code of Louisiana
  • Property sits within the established Lake Charles rental market
  • Positioned near regional industrial and petrochemical job hubs

What's Special

Priced at $315,000, this apartment building provides an entry into the Lake Charles multifamily market. Located at 1708 W Common St, the property is positioned within a well-established area of this southwestern Louisiana city. Lake Charles serves as a regional hub for the industrial and petrochemical sectors, supported by a workforce that maintains consistent demand for quality residential housing. The area provides convenient access to primary local thoroughfares and essential community services, making it a practical choice for individuals seeking proximity to their places of employment. Investors looking for a managed residential asset in this region will find the scale and layout of this building well-suited for long-term rental strategies. The site benefits from its central location, allowing residents to easily commute across the broader Lake Charles metro area, which continues to see steady interest from both industrial operations and residential tenants alike.

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NOI
$80,000
Cap Rate
25.40%
DSCR
4.28
Strong
Cash-on-Cash
64.87%
Monthly Payment
$1,558.448
Annual Cash Flow
$61,298.622

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