2400 Fruge St - Apartments FOR SALE
Lake Charles, LA 70601 |
$3,900,000 USD
225-297-7445
2400 Fruge St
Lake Charles, LA 70601
HIGHLIGHTS
- 56 Newly Renovated LIHTC units located in Lake Charles, LA.
- Extended Compliance period expires in 2030 and is currently QC eligible
- Initial Compliance Period expired in 2015
- All units are individually metered for all utilities and Tenants are responsible for these expenses which reduces the expense load for the owners.
- Built in 2004, with complete interior renovation, new roofs, parking lot restriped, majority new appliances and updated finishes in 2022/2023.
- Lake Charles is renowned for their petrochemical industry and gaming industry.
FOR SALE DETAILS
PRICE
$3,900,000 USD
PRICE/SF
$45 USD /SF
# OF UNITS
56
PRICE/UNIT
$69,643
CAP RATE
Request Cap Rate
% LEASED
96%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Oaks Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Manufactured Housing/Mobile Housing
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2004
PARKING SPACES
112
LAND DETAILS
LAND ACRES
3.66 AC
LAND SF
159,430 SF
ZONING
Business
APN/PARCEL ID
01344281
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225-297-7445
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225-297-7445
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