This Property is no longer advertised on Showcase.com.
Off Market
1/20

4021 Hessmer Ave
Metairie, LA 70002


HIGHLIGHTS

  • Excellent Location Near Major Commercial Corridor
  • Experienced Staff
  • Fully Renovated in 2006
  • Strong Demand Area
  • Significant upside in Rents
  • Property is in Economic Opportunity Zone

OVERVIEW

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

FOR SALE DETAILS

PRICE

-

# OF UNITS

-

CAP RATE

-

% LEASED

-

BUILDING DETAILS

PROPERTY NAME

ASSUMABLE FINANCING (Lake Haven Apartments)

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

110000

STORIES

2

YEAR BUILT

1975

PARKING SPACES

120

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0820038747