Multi-Family $ 575,000

1561 Ham Reid Rd RD

Lake Charles, LA 70605

  • 1,000 SqFt
  • 0.87 Lot Size
  • 2021 Year Built
Turnkey income-producing property with approved expansion potential — generate cash flow today while positioned to grow from 4 doors to 12 doors with infrastructure already in place. Fully occupied and built in 2021, this exceptional investment opportunity features two duplexes (4 total units) situated on approximately one acre, offering immediate income with significant future upside. Each unit provides approximately 1,000 square feet with 2 bedrooms and 2 bathrooms, functional modern layouts, standard kitchen appliances, and ample parking for tenants. The property is currently generating $48,000 in annual gross income with operating expenses of approximately $12,360, delivering strong in-place cash flow from day one. Separate electrical meters are in place, with one shared water meter serving the property. What truly sets this investment apart is the development readiness. The property is already zoned and approved for four additional duplexes, allowing expansion to a total of 12 doors. A major cost savings to the next owner is the installed sewer system sized for full build-out, along with electrical and plumbing infrastructure already pre-run to accommodate future units — dramatically reducing development costs, timelines, and risk. This rare opportunity allows an investor to acquire stabilized income while strategically expanding and increasing rental revenue over time. Ideal for investors seeking a combination of immediate returns, scalability, and long-term portfolio growth. Rent roll, operating expense details, and additional development information available upon request through listing agent. Duplexes have two addresses - 1561 Ham Reid unit 1 and 2 - 1559 Ham Reid unit 1 and 2.
Listed by Real Broker, LLC

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Duplex

    Listing Status Pending

    Purchase Type For Sale

    Square Footage 1, 000 sqft

    Price per Sqft $575

    Subdivision Subdivision Brigas

    MLS Listing ID SWL26000822

    Style Traditional

    Construction Status Turnkey

    HOA Y/N No

    Year Built 2021

    Lot Size 0.870 Acres

    Acres 0.87

    Lot Dimensions 193' x 197' x 192' x 197 m/l

    Property Sub-Type Duplex

  • Location

    State LA

    County Calcasieu

    Area Other

    Direction From Nelson Road, South to Ham Reid, left on Ham Reid, Property on Right

  • Building

    Lot Description Back Yard, City Lot

    Story 1

    Foundation Slab

    Sewer Shared Septic

    Water Public

    Construction Status Turnkey

  • Interior

    Interior Features Ceiling Fan(s)

    Heating Central

    Cooling Central Air, Ceiling Fan(s)

    Fireplace No

    Appliance Built-In Range, Electric Cooking

    Laundry Inside

  • Exterior

    Pool None

    Utilities Available Electricity Connected, Sewer Connected, Water Connected

    View Y/N No

    Water Access Desc Public

    Street Surface Paved

    Road Frontage City Street

    Private Pool No

  • Others

    Tax ID 00055298

    Acceptable Financing Cash, Cash to Existing Loan, Conventional

    Listing Terms Cash, Cash to Existing Loan, Conventional

    Special Listing Condition Standard

CONTACT

Danette McManus
Danette McManus

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