3701 Harvard Street

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3701 Harvard Street

Lake Charles, LA 70607
Asking Price
$235K
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 listed at an asking price of $235,000
  • Property is situated in the 70607 ZIP code area
  • Strategic location within the broader southwest Louisiana regional market
  • Suitable for investors targeting localized residential rental income

What's Special

Priced at $235,000, this multifamily apartment building at 3701 Harvard Street represents a clear investment acquisition in Lake Charles, Louisiana. The property is positioned within a regional hub known for its industrial and energy-related economic foundations, providing a consistent demand base for rental housing in the 70607 ZIP code. Lake Charles remains a pivotal center for maritime and petrochemical operations along the Gulf Coast, which sustains a stable residential tenant pool for well-located apartment assets. An investor could leverage this property for long-term hold strategies or portfolio expansion in a market that balances regional industrial growth with localized community needs. The asset serves as a functional residential addition to the immediate neighborhood, offering predictable utility for tenants seeking proximity to major employment corridors in this growing southwest Louisiana market.

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NOI
$80,000
Cap Rate
34.04%
DSCR
5.73
Strong
Cash-on-Cash
93.69%
Monthly Payment
$1,162.652
Annual Cash Flow
$66,048.179

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