Average square foot calculated using Size range provided by listing agent.
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!Show Description