4601 Macarthur Blvd - Apartments FOR SALE
New Orleans, LA 70131 |
4601 Macarthur Blvd
New Orleans, LA 70131
HIGHLIGHTS
- Price: $4,250,000
- Attractive Returns Immediate 9% day-one cash-on-cash return
- Utility Bill-Back Opportunity Introduce RUBS for water, gas, and trash
- Proven Occupancy Stability Consistently near-full occupancy highlights durable tenant demand
- Renovated and Well Maintained 2007 full renovation with modern systems
- Value-Add Amenity Potential Activate central courtyard with new amenities to drive rent growth
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Macarthur Place Apartment Homes
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
53027
STORIES
2
YEAR BUILT
1978
PARKING SPACES
80
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5-13-8-195-07
