Marrero Multi-Family

Multi-Family for Sale
Catylist Listing ID: 30320866
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 8 Units
Building Size (RSF): 1,000 SF
Gross Building Area: 8,000 SF
Sale Price: $595,000
Unit Price: $74,375 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/30/2018

Overview / Comments

Four Doubles just off the Westbank Expressway in Marrero. Solid construction and strong rental market. Nice layout with a large living room, 2 good sized bedrooms and one bathroom per unit. Properties stay rented and have been well maintained.

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Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $4,404 (Annual)
Gross Operating Income $71,400 (Annual)
Net Operating Income $58,800 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Outer Jefferson Parish
Tax ID/APN: JP-104768
Percent Occupied: 100%
Property Located Between: Westbank Expressway, Michael, Garden
Total Number of Buildings: 4
Property Condition: Good
Year Built: 1985
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,119 116,848 266,555
Median Age: 37.86 37.47 36.41
Households: 6,117 48,054 108,569

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