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25 Units near Prien Lake Park in Lake Charles 6-36 Kandy Ln 25 Unit Apartment Building $4,743,680 CAD ($189,747 CAD/Unit) 6.10% Cap Rate Lake Charles, LA 70605
INVESTMENT HIGHLIGHTS
- 100% Occupied
- The 20 townhouses were completed in 2019
- Tenants enjoy an easy walk to Prien Lake Park with numerous amenities, incuding a boat and kayak launch
- Excellent condition
- The Duplex and Triplex were renovated in 2017
- Easy access to I-210, casino and golf resorts, shopping and restaurants
EXECUTIVE SUMMARY
The 25 units on this 3.72+- site includes ten, two story duplex townhomes, one triplex, and one duplex. The triplex and duplex are one story. The ceiling and walls of all units are sheetrock. Electric HVAC systems provides heating and cooling for all 25 units. Each kitchen includes a range/oven, vent hood, and a refrigerator. Microwaves are provided in the townhouses. Each unit includes a washer, dryer, and refrigerator.
TOWNHOUSES: Completed in 2019 and offer a combined total of 30,400 SqFt of living area with a cement board and brick veneer. There are a total of 1930 SqFt of rear patios and 240 SqFt of front metal canopies. Floors are wood plank and ceramic tile. Each unit contains1,520 SqFt with 3 bedrooms, 2 and 1/2 baths.
TRIPLEX:built in 1975+- and remodeled in 2017. It offers three, 760 square foot 1 bedroom, 1 bath units with 2,280 SqFt of living area, plus a 406 SqFt front porch, a 1930 SqFt patio at the rear, and a 1,032 SqFt 3-car carport. Vinyl plank and carpet on the floors. Each unit has 760 SqFt with 1 bedroom and 1 bath.
DUPLEX: built in 1975_-and rennovated in 2017. It offers 2,517 SqFt of living area with a 188 SqFt of porches at the front, an 80 SqFt wood deck, & a 364 SqFt garage. Vinyl plank and carpet on the floors. One unit offers 1,898 SqFt with 3 bedrooms, and two baths. The second unit has 619 SqFt with 1 bedroom and 1 bath.Rent Rolls and P&L's are available to serious buyers.
Over 70 parking places.
TOWNHOUSES: Completed in 2019 and offer a combined total of 30,400 SqFt of living area with a cement board and brick veneer. There are a total of 1930 SqFt of rear patios and 240 SqFt of front metal canopies. Floors are wood plank and ceramic tile. Each unit contains1,520 SqFt with 3 bedrooms, 2 and 1/2 baths.
TRIPLEX:built in 1975+- and remodeled in 2017. It offers three, 760 square foot 1 bedroom, 1 bath units with 2,280 SqFt of living area, plus a 406 SqFt front porch, a 1930 SqFt patio at the rear, and a 1,032 SqFt 3-car carport. Vinyl plank and carpet on the floors. Each unit has 760 SqFt with 1 bedroom and 1 bath.
DUPLEX: built in 1975_-and rennovated in 2017. It offers 2,517 SqFt of living area with a 188 SqFt of porches at the front, an 80 SqFt wood deck, & a 364 SqFt garage. Vinyl plank and carpet on the floors. One unit offers 1,898 SqFt with 3 bedrooms, and two baths. The second unit has 619 SqFt with 1 bedroom and 1 bath.Rent Rolls and P&L's are available to serious buyers.
Over 70 parking places.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,743,680 CAD | Building Class | C |
| Price Per Unit | $189,747 CAD | Lot Size | 3.72 AC |
| Sale Type | Investment | Building Size | 45,092 SF |
| Cap Rate | 6.10% | Average Occupancy | 100% |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment | Parking Ratio | 1.48/1,000 SF |
| Apartment Style | Townhome |
| Price | $4,743,680 CAD |
| Price Per Unit | $189,747 CAD |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 3.72 AC |
| Building Size | 45,092 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2019 |
| Parking Ratio | 1.48/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Family Room
- Island Kitchen
- Pantry
- Patio
- Porch
- Large Bedrooms
SITE AMENITIES
- Pet Play Area
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,570 CAD | 619 |
| 2+2 | 3 | $1,353 CAD | 760 |
| 3+2 | 1 | $1,849 CAD | 1,898 |
| 3+2.5 | 20 | $2,142 CAD | 1,520 |
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Presented by
Mary Kay Hopkins, LLC
25 Units near Prien Lake Park in Lake Charles | 6-36 Kandy Ln
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