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625 Ryan St
Lake Charles, LA 70601
Muller's Lofts · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- Loft style apartments with high ceilings
- Opportunity to continue to increase rents and generate additional fee income
- 13,260 SF of Vacant Space Available
- Excellent infill location in the heart of Lake Charles
- 0.82 Acre Parking lot in the rear of the building
EXECUTIVE SUMMARY
Muller’s Lofts Apartments is a distinctive and historic mixed use property located in the heart of downtown Lake Charles, Louisiana. Housed in a four-story building at 625 Ryan Street, the community offers 40 loft-style units that combine industrial design elements with modern amenities. Originally built in 1910, the property was completely refurbished and converted to its current mixed use status in 2007. Muller’s Lofts include spacious residential layouts ranging from 773 to over 1,821 square feet, including one-bedroom, two-bedroom, and studio apartments. The property also offers office and retail spaces totaling 13,260 amount of SF which is where the value add play is located within this opportunity. Each unit is thoughtfully designed with high ceilings, exposed concrete finishes, large windows, and contemporary kitchens equipped with modern appliances. Residents enjoy in-unit washer/dryer hookups and open-concept living spaces that reflect the building’s urban character. The property also offers extensive parking with off street parking available along with dedicated parking located on the rear of the property on a 0.82 acre lot that wraps an entire city block. There is also the opportunity to potentially lease a portion of this lot to another business in the area or sell off a out parcel.
Muller’s Lofts offers a unique opportunity in downtown Lake Charles to acquire a historic mixed-use property that has provides consistent, stable cash flows from the residential units and the value add opportunity that comes with the vacant retail, office, and vacant lot that comes with the property.
Don’t miss out on your opportunity to own a piece of Lake Charles’s history
Muller’s Lofts offers a unique opportunity in downtown Lake Charles to acquire a historic mixed-use property that has provides consistent, stable cash flows from the residential units and the value add opportunity that comes with the vacant retail, office, and vacant lot that comes with the property.
Don’t miss out on your opportunity to own a piece of Lake Charles’s history
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Oven
- Range
- Loft Layout
PROPERTY TAXES
| Parcel Number | 00589616 | Improvements Assessment | $582,406 CAD |
| Land Assessment | $34,340 CAD | Total Assessment | $616,745 CAD |
PROPERTY TAXES
Parcel Number
00589616
Land Assessment
$34,340 CAD
Improvements Assessment
$582,406 CAD
Total Assessment
$616,745 CAD
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