606 N Grace St Street N

Description

Discover an exceptional income-producing property featuring two remodeled duplexes (a total of four 1-bedroom, 1-bath units) situated on the front parcel at 606 N. Grace. Each unit has been beautifully updated with new roofing, plumbing, and electrical systems, offering worry-free ownership with only a few minor finishing details left for the new owner to complete. Included in the sale is an additional adjoining ¾-acre parcel, already cleared and approved by the City for up to 18 additional units—the perfect opportunity for an investor or developer to expand and create a 20-unit multifamily complex. Located in Flood Zone X, this property typically does not require flood insurance, adding to its long-term affordability and appeal. With immediate rental income from the existing duplexes and incredible growth potential on the adjoining land, this property is ideal for both seasoned investors and first-time multifamily developers looking to grow their portfolio in a high-demand area of Lake Charles. Photos are virtually staged.