Multi Family (4-Plex) Investment - Metairie

Withdrawn Multi-Family for Sale
Catylist Listing ID: 30092522
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 4,404 SF
Sale Price: $385,000
Unit Price: $96,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Withdrawn On: 8/15/2017
Last Updated: 8/15/2017

Overview / Comments

Great Investment, all units leased and average just over $863/unit/mo (total monthly rent is $3,450). Three of the four are subsidized. Most tenants have been there for years as current owner has been very responsive.

Seller has owned for a long time and kept it up. Did flood in Katrina, but all cabinets and first floor finishes were redone at that time. Some have new flooring, some have new appliances and owner is selling the property with all kitchen appliances. W&D's owned by the tenants. 2-story (up/down) units, 2BR's, 1.5 BA's.

New roof as of 2015, new main sewer line repaired and generally in very good shape. Flood insurance is approx. $800/yr.


Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Taxing Authority: Jefferson Parish
Percent Occupied: 100%
Property Located Between: I-10 and W. Napoloeon
Property Condition: Good
Year Renovated: 2005
Parking Type: Surface
Laundry: In Each Unit
Sprinklers: None

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,911 155,785 318,727
Median Age: 37.4 42.04 39.22
Households: 11,729 68,241 134,767


Photograph of Listing Agent

Richard E Juge

RE/MAX Commercial Brokers Inc Metairie, LA 70002
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