Investment Opportunity!

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30638923
Status: Pending
Number of Units: 11 Units
Building Size (RSF): 10,450 SF
Sale Price: $939,000
Unit Price: $85,363.64 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2020

Overview / Comments

Investment Opportunity! Fully leased apartment complex in Metairie! Virtually no vacancy! Long term tenants - most 10 yrs++! Townhouse style w/ 2 bedrooms, 1.5 baths, living room, dining room & laundry in each unit. All brick. Central AC & heat (5 A/C units under 4 yrs). 1 new roof w/ 12 yr warranty & 1 is approx 6 yrs old. 6544 has updated windows. 6 baths have been updated in the last 2 years. Never flooded! Termite contract. Parking for each building. Money Maker $$$$
1: F $700 950 2 1 / 1
1: F $700 950 2 1 / 1
2: E $800 950 2 1 / 1
3: D $700 950 2 1 / 1
4: C $700 950 2 1 / 1
5: B $775 950 2 1 / 1
6: A $800 950 2 1 / 1
7: E $675 950 2 1 / 1
8: D $700 950 2 1 / 1
9: C $825 950 2 1 / 1
10:B $725 950 2 1 / 1
11:A $700 950 2 1 / 1
Total rents $8,100.00

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: 55591
Zoning: MULTI FAMILY
Percent Occupied: 100%
Property Located Between: Marcie and Judith
Airports: MSY
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 1970
Roof Type: Other
Construction/Siding: Brick
Parking Type: Other
Parking Description: Parking for each building
Laundry: In Each Unit
Heat Source: Central
Legal Description: Associate License # BROK0095689528-asa Broker License #30197.

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,909 158,119 250,724
Median Age: 39.88 40.25 40.57
Households: 9,860 64,839 104,347

Contact

Photograph of Listing Agent

Tangie P Stephens

Keller Williams Realty 455-0100 Metairie, LA 70002
LACDB Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.