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$ 999,500
Est. payment | /mo
8,500 Acres Lot
$ 999,500
Est. payment | /mo
8,500 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID NO2484769
Lot Size 8500.000 Acres
Acres 0.1951
Property Sub-Type Multi Family
Property Description
Location, Location, Location! Discover a rare opportunity to own an 8-plex in the highly sought-after area of Old Metairie. Significant updates include a new roof installed in 2021, the replacement of underground plumbing, and new windows added in 2020. All units are separately metered for water and electricity, with tenants responsible for all utilities. This arrangement reduces overall costs and dramatically enhances the value of the asset. All units are rented below market value, allowing you to adjust rents and increase your overall return on investment. The seller is currently in the process of increasing rents for all units. This low-maintenance, low-turnover property is an excellent long-term asset for any investor's portfolio and a prime candidate for a condo conversion. Situated just a short walk from local attractions, dining, shopping, and entertainment, you can enjoy the benefits of city living while nestled in a neighborhood that balances activity with tranquility. A short walk from local attractions, dining, shopping, and entertainment options, you can enjoy the benefits of Old Metairie living while being nestled in a neighborhood that provides both activity and tranquility. With a designated lot for parking, residents will appreciate the ample parking space available.
Location
State LA
Interior
Heating Central
Cooling Central Air
Exterior
Roof Type Composition
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 0820036329
Listed by RE/MAX Affiliates