105 S Grace ST S, Lake Charles, LA 70615
105 S Grace ST S, Lake Charles, LA 70615
105 S Grace ST S, Lake Charles, LA 70615
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Juli Jenkins

Juli Jenkins

+1(225) 931-5867
Listed by Real Broker, LLC
$685,000
Est. payment /mo
5,812 SqFt
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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,812 sqft

Price per Sqft $117

MLS Listing ID SWL26003801

Style Acadian

Construction Status Turnkey

HOA Y/N No

Year Built 2023

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 153' x 97' m/l

Property Sub-Type Duplex

Property Description

SELLER HAS A LOMA ON FILE—AND, ACCORDING TO THE SELLER, FLOOD INSURANCE IS NOT CURRENTLY REQUIRED. BUILT HIGH AND DRY! FOUR DOORS. 2023 CONSTRUCTION. INCOME FROM DAY ONE. For the investor who wants newer construction without beginning with a renovation list, this fully leased Lake Charles property delivers four spacious townhome residences in one streamlined acquisition. The property consists of two duplex buildings constructed by local builder Roy Washington. Architectural plans reflect approximately 1,328 square feet of living area per residence. Each two-story townhome offers three oversized bedrooms, two-and-a-half baths and a private first-floor primary suite, with two additional bedrooms upstairs. Inside, the units feature low-maintenance concrete flooring, recessed lighting, shaker-style cabinetry and quartz countertops in both the kitchens and bathrooms. Each of the two full bathrooms includes a tub-and-shower combination, while the convenient downstairs half bath offers a pedestal sink and toilet. Every residence also includes a spacious interior laundry room and its own covered concrete back patio—giving tenants functional indoor and outdoor living space. Each unit is equipped with one zoned HVAC system controlled by two thermostats, a separate electric meter and dedicated plumbing access. Refrigerators, stoves and microwaves are included; there are no dishwashers but there is a place and lines ran for them. The seller currently pays for water, while each tenant is responsible for electricity. THE INCOME IS ALREADY IN PLACE. All four residences are leased on one-year terms at $1,250 per month, generating $5,000 in current monthly scheduled rent and $60,000 annually. The owner plans to increase each unit by $100 per month as leases renew, creating potential scheduled income of $64,800 annually. Future rents are not guaranteed. The seller reports that a Letter of Map Amendment is on file and that flood insurance is not currently required. Buyers, lenders and insurers must independently verify the LOMA, flood designation and all insurance requirements. Lease and operating documents are available to qualified buyers. Advance appointment is required. Please do not disturb the tenants.

Location

State LA

County Calcasieu

Community Street Lights

Area Other

Direction From I-210, take Exit 8 toward LA-14/Gerstner Memorial Boulevard. Travel north on Gerstner Memorial Boulevard, continue toward US-90/Fruge Street, cross US-171, then turn left onto S Grace Street. Property is at 105 S Grace Street.

Interior

Interior Features Bathtub, Ceiling Fan(s), Kitchen/Family Room Combo, Remodeled, Recessed Lighting, Storage, Tub Shower, Unfurnished, Updated Kitchen

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s), Zoned

Inclusions Refrigerators, Oven/Stove, Microwave, Hot Water Heater

Furnishings Unfurnished

Fireplace No

Appliance Built-In, Exhaust Fan, Microwave, Oven, Range, Refrigerator, Water Heater

Laundry Washer Hookup, Electric Dryer Hookup, Inside, Laundry Room

Exterior

Exterior Feature Rain Gutters

Pool None

Community Features Street Lights

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

View Y/N No

Water Access Desc Public

View Neighborhood

Roof Type Ridge Vents,Shingle

Street Surface Maintained,Paved

Road Frontage City Street

Total Parking Spaces 2

Private Pool No

Building

Lot Description City Lot, Rectangular Lot

Story 2

Foundation Slab

Builder Name Roy Washington

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Turnkey

Others

Senior Community No

Tax ID 00296430 ×

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Standard

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Juli Jenkins

Juli Jenkins

+1(225) 931-5867

Agent License ID: 995717174

Agent License ID: 995717174

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