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$399,000
Est. payment /mo
13 Beds
9 Baths
5,719 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,719 sqft
Price per Sqft $69
MLS Listing ID 2571199
Style Contemporary
Bedrooms 13
Full Baths 8
Half Baths 2
Construction Status Very Good Condition
HOA Y/N No
Year Built 1980
Property Sub-Type Quadruplex
Property Description
Large 3 bed 2 bath units and 1 large 4 bed unit. A detached four-plex building offering strong in-place cash flow and operational stability. The property consists of 4 units with two vacancies presenting a clear lease-up opportunity for a new owner. Additional revenue can be made from on-site laundry. Renovated in 2024, the property features updated electrical, plumbing, roofing, and window systems, contributing to reduced maintenance and long-term durability. Each unit is individually metered for electricity, enhancing expense control and operational efficiency. The gross building area is appoximately 5,719 sf with 4 off-street parking spaces, and also located in a favorable Flood Zone X. A purchaser has the ability to purchase a stabilized asset and continue to raise rents to meet the market, improving the cap rate to 10% plus. This building can be purchased as a package deal with 917 & 929 W Monterey. 2 tenants just moved out, units A and D, so market rent was used in the listing above for those vacant units.
Location
State LA
County Jefferson
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Assigned, Off Street, One Space
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 Contemporary
Level or Stories Two
Construction Status Very Good Condition
Others
Tax ID per assessor
Special Listing Condition None
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Listed by Bridgewater Realty Advisors, LLC