1623 4th Street, Lake Charles, LA 70601 (MLS# 2020023936)

1623 4th Street, Lake Charles, LA 70601

New Listing
$85,000
Property Type: MultiFamily Square Footage: 3,120 Status: Active
Current Price: $85,000 List Date: 5/17/2025 Last Modified: 5/17/2025

Description

Income-Producing Property - 1623 4th St, Lake Charles, LA A fantastic opportunity for investors! This property features two single-family homes, each with long-term 12-month leases, generating consistent rental income. The front home is a 2-bedroom, 1-bathroom unit that is currently tenant-occupied, providing $795/month in rental income. This home includes central air and heat, inside laundry in a separate room, and a detached 2-car garage with additional storage space, offering extra convenience for tenants. The rear home is also a 2-bedroom, 1-bathroom residence and has recently undergone updates and repairs. It will soon be rented for $750/month, contributing to a total potential monthly cash flow of $1,545! This unit includes a washer and dryer for added convenience, but it does not have central air or heat. Each home is separately metered, making utility management simple for both owner and tenants. Located in Lake Charles, this property presents a turnkey investment opportunity with steady income potential. Don't miss out on this chance to add a high-performing rental asset to your portfolio!

Supplements: ********

More Information MLS# 2020023936

Listing Info

Status: Active Listing Date: 2025-05-16 Listing Price: 85000 Current Price: $85,000 List Price/SqFt: 27.24 Seller Willing to Sell Separately?: No Type: Apartment/Multi-Family

Location Tax Legal Info

Street Number: 1623 Street Name: 4th St Suffix: Street Parish: Calcasieu State: LA Zip Code: 70601 Subdivision: None Area: Calcasieu Tax Assessment Number: 00600148 Elementary School: Call School Board Middle School: Call School Board High School: Call School Board Directions: From Broad Street, travel South on 2nd Avenue. Take a left (East) on 4th Street, home is on the right (North).

General Property Description

Approximate Age: 51 - 75 Years Number of Units: 2 SqFt - Living: 3120 SqFt - Source: Approximate Total Parking Spaces: 2 # Heat Units: 2 # AC Units: 2 Individual Metered?: Yes Lot Dimensions: 266 x 50 Mineral Rights: Conveyed

Unit 1

# Units: 1 Beds: 2 Full Baths: 1 Rent/Mo: 795 Occupant: Tenant

Unit 2

# Units: 1 Beds: 2 Full Baths: 1 Rent/Mo: 750 Occupant: Vacant

Property Features

Siding: Wood Construction: Other Foundation: Piers Roof: Other Heating: Central Cooling: Ceiling Fans; Central Air Appliances: Refrigerator Fencing: None Financing: Cash; Conventional Showing: 24 Hour Notice
Listing Office: Keller Williams Realty L C
Last Updated: May - 17 - 2025
1623 4th Street, Lake Charles, LA 70601- MLS# 2020023936
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.