Terrace Apartments, 29 unit apartment complex price just under 8% cap rate. Good solid rent history, well managed and lots of remodel work done since the storm. Property is located within walking distance from McNeese State University. This complex has been a staple to Lake Charles since it was built. All units are fully occupied and rent rolls are in attachment section.
CondoProperty Type
1.51 acresLot Size
$62Est. Price/Sq.Ft.
58 spacesParking
Listed by Robert Denison• RE/MAX ONE
Bought with Austin Polk• Keller Williams Realty Lake Ch
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
—
Lot size
—
Year renovated
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Sq. Ft.
—
Year built
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Style
Multi-Family (5+ Unit)
County
Calcasieu Parish
APN
01342818
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Nov 17, 2023.
B
Business District
The district is intended to provide an area of ordinary commerce devoted primarily to retail and service needs of the citizens of the City of Lake Charles.
Permitted uses
Include but are not limited to:
Agriculture
Religious facility
Bank
Day care facility
General retail
Restaurant
Hotel / motel
Office
Public service
Recreation
Property details
Parking
Parking/Garage Information
# of Parking Spaces Total: 58
Has Carport
# of Carport Spaces: 14
Has Open Parking
# of Open Parking Spaces: 44
Parking Features: Attached Carport, Asphalt, Parking Lot
Interior
Virtual Tour
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Central
Interior Features
Interior Features: Laminate Counters
Appliances: Dishwasher, Electric Oven
Room Information
Laundry Features: Laundry Room
Unit Type 1 Information
# of Bedrooms: 1
# of Bathrooms: 1
Furnished: Unfurnished
Actual Rent: $752
Total Rent: $15,800
# of Units: 21
Unit Type 2 Information
# of Bedrooms: 3
# of Bathrooms: 2
Furnished: Unfurnished
Actual Rent: $1,200
Total Rent: $1,200
# of Units: 1
Unit Type 3 Information
# of Bedrooms: 2
# of Bathrooms: 2
Furnished: Unfurnished
Actual Rent: $850
Total Rent: $5,950
# of Units Total: 7
Exterior
Exterior Features
Exterior Features: Lighting
Fencing: Fenced, Wood
Building Information
Direction Faces: North
Sq. Ft.: 33312
Levels: Two
# of Stories Total: 2
Construction Materials: Brick, HardiPlank Type
Foundation Details: Slab
Property Features
Has View
Security Features: Security Lights
Property Information
Property Type: Residential Income
Property Sub Type: Apartment
Raw Mls Property Sub Type: Apartment
Lot Information
Lot Features: City Lot, Irregular Lot
Road Surface Type: Paved
Road Frontage Type: City Street
Lot Size : 1.506
Lot Size Dimensions: 251 x 293 x 207 x 109 x 43 x 158
Lot Size Area: 1.506
Lot Size Units: Acres
Lot Size Acres: 1.506
Utilities
Utility Information
Water Source: Public
Electric: 220 Volts
Sewer: Public Sewer
Location
Location Information
Directions: From RE/MAX ONE office - head West on LA- 3186 / E. McNeese St. toward Louisiana avenue - keep straight to get onto E. McNeese St. - turn left onto Common - Turn right onto Contour - right onto Common - complex on your right.
Community Information
Building Features: Appliances
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Calcasieu Parish
APN: 01342818
Home facts updated by county records on Nov 17, 2023
Other
Listing Information
List AOR: SouthwestLouisianaAssociationOfRealtors
Around this home
Schools
Dolby Elementary School
Public PreK-5 • Assigned • 0.5mi
7/10
F. K. White Middle School
Public 6-8 • Assigned • 0.5mi
6/10
Alfred M. Barbe High School
Public 9-12 • Assigned • 2.5mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
9/10 Heat Factor
7 days above 109° expected this year, 22 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Lake Charles, LA • 70607
Average low and high temperatures (°F)
60
42
69
52
75
58
80
66
83
69
88
77
91
77
91
76
89
73
85
64
76
58
67
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.5 hours in
June and 4.8 hours in December, which is comparable to the
U.S. average for solar exposure.