Fully Renovated and Stabilized Multifamily Investment Opportunity

Multi-Family for Sale
Catylist Listing ID: 30852387
Property Subtypes: Low-Rise/Garden
Number of Units: 11 Units
Building Size (RSF): 1 SF
Gross Land Area: 0.26 Acres
Sale Price: $1,450,000
Unit Price: $131,818.18 Per Unit
Property Use Type: Investment
Usable Size (USF): 1 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/20/2024

Overview / Comments

This 11-unit investment property is fully stabilized. All units have been fully renovated, allowing for immediate tenant placement.

The complex comprises one 2 bedroom / 1 bath unit and ten 1 bedroom / 1 bath units.

Gated, dedicated off-street parking for tenants.

New roof installed in 2022.

The complex is equipped with an on-site laundry room.

This property's convenient location offers ±3-5 minute access to I-10, ±2 minute access to Veterans Blvd, and ±1 minute access to W Napoleon Ave.

• Fully stabilized
• All units have been fully renovated for immediate tenant placement
• Gated, dedicated off-street parking for tenants
• Located within ±5 minutes of I-10, Veterans Blvd, and W Napoleon Ave

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Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: 0820006545|2
Zoning: R3 (MULTIPLE-FAMILY RESIDENTIAL DISTRICT) / RR3 )THREE- AND FOUR FAMILY RESIDENTIAL DISTRICT)
Percent Occupied: 85%
Airports: Louis Armstrong New Orleans International Airport (MSY)
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 3
Year Renovated: 2022
Parking Type: Surface
Lot Frontage: 79.93
Lot Depth: 166.98

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,953 163,013 298,889
Median Age: 40.9 41.26 39.6
Households: 11,040 69,544 124,469

Contact

Photograph of Listing Agent

Benji Azar

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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