2200 Bancroft St - Apartments FOR SALE


Lake Charles, LA 70607
$1,975,000 USD
832-646-0222
2200 Bancroft St, Lake Charles, LA for Sale
$1,975,000 USD
Apartments - FOR SALE
1/37
null | 8.43% Cap Rate

2200 Bancroft St
Lake Charles, LA 70607


HIGHLIGHTS

  • Newley remodeled units with large floor plans including townhome style units.
  • Nestled in a quiet subdivision neighboring the new DR Horton community.
  • Minutes away from Golden Nugget Lake Charles Hotel & Casino and L’Auberge Casino Resort.
  • Minutes away from McNeese University & Lake Charles Regional Airport.

OVERVIEW

Prime investment opportunity. Great location. Room for value add. Appraised well over asking price. Units have laminate flooring, refrigerator, oven, and central heating. Community has onsite & off-street parking, and washer/dryer hookups for added convenience. Utilities like sewage, garbage, and water are included

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

28

PRICE/UNIT

$70,536

CAP RATE

8.43%

% LEASED

79%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

00834645

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832-646-0222

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Fabian CastaConcord Manor ApartmentsMore Info
832-646-0222

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