Legacy Lake Charles is a 268-unit Class A community located in Lake Charles, LA. The property is situated in the booming Southwest Louisiana economy, providing residents with ease of access to employment, shopping, education, and entertainment venues. Employment drivers located nearby include Phillips 66, Sasol, Citgo, Turner Industries, Memorial Health System, Christus Health, Westlake Chemical, and Golden Nugget and Lauberge casinos. A wide variety of retail located within 5 miles of the property includes Starbucks, Marshalls, Target, Best Buy, Kroger, Sam’s Club, Walmart, and Walgreens.
Residents also enjoy proximity to some of the state’s top schools, including St. John Elementary (.5 miles), S.J. Welch Middle School (2.3 miles), and A.M. Barbe High School (1.7 miles). A.M Barbe High School is the number one school in Calcasieu Parish. McNeese University, located 3.5 miles from Legacy, has been ranked among the best regional universities in the south for eight consecutive years by US News & World Report.
Legacy Lake Charles, completed in 2018, consists of 15 buildings and one fully-amenitized clubhouse. The property offers one, two, and three-bedroom floorplans ranging from 801 square feet to 1411 square feet. Unit amenities include stainless steel appliances, granite countertops, ceiling fans, upgraded shower heads, patio/balcony, walk-in closets, tile backsplash, faux-wood blinds, full-size washer dryer, and plank-style flooring. The community amenities include a resort-style swimming pool, outdoor lounge with fireplace and grills, 24-hour cyber café, 24-hour fitness club, business center, pet spa with washing station, and some covered carports.
Hawthorne Management assumed property management services at closing. ApexOne Multifamily Special Situation Fund IV, LP purchased Legacy Lake Charles and will hold long-term to capture growth and appreciation.