Apartment Complex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30638745
Status: Pending
Number of Units: 14 Units
Building Size (RSF): 6,720 SF
Gross Building Area: See Agent
Sale Price: $1,100,000
Unit Price: $78,571.43 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.7%
Average Occupancy Rate: 95
Last Updated: 9/14/2020

Overview / Comments

Income producing property. Let the cash flow begin with this multi-plex 12 year capitalization with an ROI to keep you thirsty. This long term investment is a no brainer. Sold in conjunction with 1633 Katlan St, next door 5 unit multiplex for a total of 19 units. Please call for more information and to schedule an appointment. Listing agent to be present for all showings. Roof replaced in recent years.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: 3149043
Percent Occupied: 95%
Community Amenities: On-Site Maintenance
Airports: MSY
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Solid brick construction
Laundry: Shared
Sprinklers: None
Heat Type: Electricity
Heat Source: Wall Units
Air Conditioning: Window Unit
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Shrewsdale LOT 15 AND 16 Square 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,767 161,394 364,015
Median Age: 43.75 39.61 38.94
Households: 8,701 70,358 154,981


Photograph of Listing Agent

Kate Kancheva

Keller Williams Realty Professionals Slidell, LA 70461
LACDB Member
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