1711 Bilbo St, Lake Charles, LA 70601

$1,120,000

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List Price
$1,120,000
Status
ACTIVE
Days on Market
317
MLS#
SWL25101136
Subtype
ResidentialIncome
Year Built
2024
Lot Size
0
Acres
0.53
Subdivision
GRANGER SUB
MLS Area Major
Other

Property Description

Investment opportunity awaits in the heart of downtown Lake Charles with this newly constructed multi-family property. Built in 2024, the package includes four spacious units, thoughtfully designed with high ceilings, 4 bedrooms, 3 baths, and an attached double-car garage. All units are equipped with a dishwasher, refrigerator, electric range, microwave, and washer/dryer hookups. Each unit is individually metered for water and electricity, with tenants responsible for their own utilities. Currently leased at $1,800 per month per unit generating $84,000 in annual gross income, the property offers strong rental income in a prime location just moments from downtown amenities, dining, shopping, and a city park.

Additional Information

Interior Features
Ceiling Fans, Granite Counters, High Ceilings, Kitchen/Family Room Combo, Pantry, Tub Shower
Exterior Features
Fence
Appliances
Dishwasher, Electric Range, Disposal, Refrigerator
Heating
Central
Air Conditioning
Central Air
Roof
Asphalt
Foundation
Slab
View
Neighborhood

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Century 21 Bono Realty.