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2031 3rd Street, Lake Charles, LA 70601

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For Sale

$647,000

0.34 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 0.3 acres
    Lot size

  • 41-50 Years Old
    Age

Explore this Property

Incredible opportunity alert! This 12-unit Apartment Complex is a fantastic deal, priced below its last appraisal of $780,000. The motivated seller is eagerly awaiting your offer! The complex consists of 8 units in the 2031 3rd building and 4 units in the 2033 3rd building. The 8-unit building boasts two stories, while the 4-unit building is a single-story structure with a porch at the rear and the added benefit of some covered parking spaces. Both buildings feature covered walkways that open onto a charming courtyard nestled between them. Please note that the complex is not individually metered for gas and water. The property taxes are $1,219.34 yearly, and it's located in Flood Zone AE. The current flood policy costs $3940 per year for the 2031 building and $2,237 per year for the 2033 building. Recent improvements include a roof replacement in 2021 for both buildings, ensuring long-lasting value and protection for your investment. Many of the units have undergone remodeling, and all units are rented. This is your chance to own a thriving Apartment Complex with great potential. Act now, make your offer, and secure this outstanding investment today! Seller will entertain a owner financed deal with a large down payment on a 5 year balloon term.
MLS# SWL23007065

Courtesy Of Coldwell Banker Ingle Safari Realty

(337) 478-1601

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Ceiling Fan
  • Appliances
    Range
  • Architecture Style
    New Traditional
  • Cooling System
    Ceiling Fan(s)
  • Exterior Type
    Brick
  • Lot Size
    0.34 Acres

Map and Directions

Directions to 2031 3rd Street, Lake Charles, LA 70601

Home seller CENTURY 21 Bono Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Bono Realty

(337) 478-1578
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Greater Southern MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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