Presenting a prime multifamily investment opportunity in Metairie, Louisiana, a newly renovated 4-plex in a highly sought-after, safe neighborhood. The property comprises four 2-bed, 1-bath units. The building is approx. 3,900 sq. ft., with central HVAC and a recently refurbished tar roof. This property has excellent income potential.
The property is currently occupied and generates $4500/month however it is under-rented. A recent Abbott Price market analysis shows rents support up to $5500 a month.
The area provides many potential tenants, such as the faculty and staff of Haynes Academy For Advanced Studies and the massive administration of nearby East Jefferson General Hospital.
Property Overview:
- Recently renovated 4-plex in a safe, desirable Metairie neighborhood.
- Each unit features 2 bedrooms and 1 bathroom.
- Current rent roll is $4500/m but an AP analysis supports $5500/m
- Spacious, with approximately 3,900 square feet
- Central HVAC
- Quality tar roof with a special coating applied just 3 years ago
- Units are separately metered for electricity
- Washer and dryer hookups in each unit
- Centrally located
Area Highlights:
- Near Clearview Mall for shopping and entertainment
- Easy access to I-10, just 10 minutes to MSY and the CBD
- Abundance of dining options along Veterans Blvd
- Conveniently located near East Jefferson Hospital and Starbucks
