2712 Kirkman Street

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2712 Kirkman Street

Lake Charles, LA 70601
Asking Price
$260K
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 sale in Lake Charles
  • Located at 2712 Kirkman Street within Louisiana
  • Offered at a total list price of 259900 dollars
  • Situated in the 70601 zip code of Southwest Louisiana
  • Investment property suitable for workforce housing rental strategies

What's Special

Lake Charles serves as a primary economic hub in Southwest Louisiana, characterized by its deep-water port, petrochemical industry presence, and growing educational sector. This multifamily apartment building sits within the 70601 zip code, offering residents accessible entry to the regional labor market and local thoroughfares. The property provides a straightforward investment option for those seeking residential income generation within this established Gulf Coast community. Given its scale and location, the site is suited for investors focused on steady rental demand from the local workforce and regional transient populations. The asset occupies a functional footprint in a city known for its steady industrial output and continuous development efforts. Prospective buyers can leverage the existing structure to diversify their portfolios with a residential holding in a key Louisiana submarket. Its positioning supports long-term occupancy strategies in an area where housing availability remains a consistent priority for the community.

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NOI
$80,000
Cap Rate
30.78%
DSCR
5.18
Strong
Cash-on-Cash
82.81%
Monthly Payment
$1,285.843
Annual Cash Flow
$64,569.879

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