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Off market
  • $2,599,700

    4640 Common St, Lake Charles, LA 70607

    --beds
    0baths
    33,312sqft
    MultiFamily
    Built in ----
    -- sqft lot
    $2,599,700 Zestimate®
    $78/sqft
    $1,138 Estimated rent

    Home value

    $2,599,700

    $1.92M - $3.48M

    $1,138/mo

    Zestimate® history
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    Owner options

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    $1,138/mo

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    $1,138/mo

    Rent Zestimate®

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    $11,922/mo

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    $11,922/mo

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    What's special

    Terrace Apartments, 29 unit apartment complex price just under 8% cap rate. Good solid rent history, well managed and lots of remodel work done since the storm. Property is located within walking distance from McNeese State University. This complex has been a staple to Lake Charles since it was built. All units are fully occupied and rent rolls are in attachment section.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher
    • Laundry: Laundry Room
    Features
    • Formica Counters, Shower in Tub
    • Doors: Panel Doors
    Interior area
    • Total interior livable area: 33,312 sqft

    Property

    Parking
    • Total spaces: 14
    • Parking features: Carport, Garage - Attached
    Features
    • Exterior features: Brick
    • Fencing: Fenced, Wood
    Lot
    • Size: 1.51 Acres
    • Features: Irregular Lot, City Lot, Utilities - Overhead, Yard, 16-20 Units/Acre
    Details
    • Parcel number: 01342818
    • Zoning: BUS
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Turnkey

    Utilities & green energy

    • Electric: 220 Volts, Entergy
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Security Lights
    Location
    • Region: Lake Charles

    HOA & financial

    Other financial information
    • Total actual rent: 275400

    Other

    Other facts
    • ViewYN: true
    • Sewer: Public Sewer
    • WaterSource: Public
    • RoadSurfaceType: Paved
    • Appliances: Dishwasher, Electric Oven
    • CarportYN: true
    • ParkingFeatures: Attached Carport, Parking Lot, Asphalt
    • HeatingYN: true
    • CoolingYN: true
    • FoundationDetails: Slab
    • Electric: 220 Volts, Entergy
    • TenantPays: Cable TV, Electricity, Pest Control
    • ConstructionMaterials: Brick, HARDBOARD
    • Zoning: BUS
    • CurrentFinancing: Conventional
    • Fencing: Fenced, Wood
    • StoriesTotal: 2
    • LeaseAmountFrequency: Monthly
    • YearBuiltSource: Appraiser
    • DirectionFaces: North
    • NumberOfUnitsTotal: 29
    • SpecialListingConditions: Standard
    • ElevationUnits: Feet
    • CoveredSpaces: 14
    • RoadFrontageType: City Street
    • Cooling: Central Air
    • OpenParkingYN: true
    • NumberOfBuildings: 6
    • LaundryFeatures: Laundry Room
    • ExteriorFeatures: Lighting
    • Heating: Central
    • SecurityFeatures: Security Lights
    • LotFeatures: Irregular Lot, City Lot, Utilities - Overhead, Yard, 16-20 Units/Acre
    • NumberOfSeparateGasMeters: 0
    • NumberOfUnitsLeased: 29
    • ProfessionalManagementExpense: 0.00
    • NumberOfSeparateWaterMeters: 0
    • ElectricExpense: 2100.00
    • View: Neighborhood
    • PropertyCondition: Turnkey
    • DoorFeatures: Panel Doors
    • InteriorFeatures: Formica Counters, Shower in Tub
    • GrossScheduledIncome: 275000.00
    • NumberOfSeparateElectricMeters: 29
    • MlsStatus: Pending
    • GrossIncome: 275000.00
    • FuelExpense: 12720.00
    • NetOperatingIncome: 200963.00
    • OpenParkingSpaces: 44.00
    • OperatingExpense: 74436.00
    • ParcelNumber: 01342818
    • TaxAnnualAmount: 4787.65
    • TotalActualRent: 275400.00
    • WaterSewerExpense: 11158.00
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/9/2022Sold--
    Source: SWLAR #SWL21008513
    11/5/2021Pending sale$2,650,000$80/sqft
    Source: Greater Southern MLS #SWL21008513
    10/28/2021Listed for sale$2,650,000$80/sqft
    Source: Greater Southern MLS #SWL21008513
    9/28/2021Pending sale$2,650,000$80/sqft
    Source: Greater Southern MLS #SWL21008513
    8/26/1998Sold--
    Source: SWLAR #68994

    Public tax history

    Tax history is unavailable.

    Neighborhood: 70607

    Nearby schools

    GreatSchools rating