Fully rehabbed in 2006. Stays full with minimal marketing. Considerable upside in the rents. Sub-market maintains high occupancy and high barriers to entry. Three adjacent properties totaling 100 units.
Excellent location in the heart of Metairie, LA (New Orleans MSA). Adjacent to strongest commercial corridor in Louisiana.
New Freddie Mac assumable financing. $6.6 mil, 4.6%, 30 yr amortization.
Property is in an Economic Opportunity Zone