9 Kandy Lane

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9 Kandy Lane

Lake Charles, LA 70605
Asking Price
Contact for price
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 within the 70605 zip code of Louisiana
  • Positioned near key regional energy and industrial hubs
  • Suitable asset for workforce housing or long-term investment
  • Situated at coordinates 30.1863, -93.2649 for easy identification

What's Special

9 Kandy Lane is an apartment building situated in Lake Charles, Louisiana. This multifamily asset provides a strategic foothold in a region characterized by its proximity to the Gulf Coast industrial corridor and major petrochemical employers. The local economy in Lake Charles remains driven by significant investments in the energy and manufacturing sectors, supporting a steady demand for residential housing options throughout the submarket. The property occupies a functional location within the 70605 zip code, offering accessibility to regional infrastructure and transit routes that serve the broader metro area. Investors looking to capitalize on this apartment building will find a manageable asset profile suitable for long-term hold strategies or portfolio expansion. The site supports various residential occupancy models, making it a practical choice for those focused on the workforce housing sector. Given the economic landscape of Southwest Louisiana, this asset aligns with the need for stable rental inventory in a growing market.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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