UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 5,342 sqft
Price per Sqft $67
MLS Listing ID 2536613
Style Other
Bedrooms 10
Full Baths 4
Half Baths 3
Construction Status Very Good Condition
HOA Y/N No
Year Built 1985
Lot Size 6,838 Sqft
Acres 0.157
Property Sub-Type Quadruplex
Property Description
Rare opportunity to acquire four income-producing fourplexes being offered together as a package deal MLS #2518525, 2518530, and 2518533. With a new roof installed in 2022 and over 50% of the units renovated in the last two years, much of the heavy lifting has already been done. Current monthly rents total $15,619 with 5 vacancies, many of which have been recently spruced up and 3 are currently tenant ready. Significant upside potential to reach approximately $25,800 per month under Section 8 payment standards. This is a strong value-add investment with both stable cash flow and room for growth. Don't miss the chance to own a solid multi-family portfolio with immediate income and long-term potential! Do not miss out on this awesome addition to any portfolio. Priced below recent appraisal. Flood insurance runs approximately $3,600 per building annually.
Location
State LA
County Orleans
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Carport, Off Street, Three or more Spaces
Pool None
Water Access Desc Public
Roof Type Shingle
Building
Lot Description City Lot, Rectangular Lot
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories Two
Construction Status Very Good Condition
Others
Tax ID 513615601
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
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