7820 Means Ave - Multi-Family FOR SALE


New Orleans, LA 70127- Little Woods
$385,000 USD
504-417-5131
7820 Means Ave, New Orleans, LA for Sale
$385,000 USD
Multi-Family - FOR SALE
1/11
null | Request Cap Rate

7820 Means Ave
New Orleans, LA 70127
Little Woods


OVERVIEW

Turnkey Investment Opportunity! Fully Occupied 4-Plex Producing $4,175 Per Month in Rental Income. Looking to add immediate cash flow to your portfolio? This fully occupied fourplex is already generating $4,175 per month in rental income, allowing you to start earning from day one. The property features four income-producing units with off-street parking, separate electric meters, and private outdoor space for select units. Several interiors have been updated with granite countertops, wood cabinetry, modern vanities, tile flooring, and spacious living areas. The functional townhouse floor plans, generous bedroom sizes, and 1.5 bathrooms in each unit make these very attractive to tenants. With steady occupancy already in place, this property offers investors the opportunity to acquire a stabilized asset while exploring future upside through rental increases or continued property improvements. Whether you're expanding your rental portfolio or purchasing your first multifamily investment, this fourplex is a strong opportunity to own an income-producing property with immediate returns.

FOR SALE DETAILS

PRICE

$385,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

4

PRICE/UNIT

$96,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Occupied 4-Plex Generating $4,127 Month

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

3-9W-0-002-24

ASK ABOUT THIS PROPERTY

Melissa McClendonLatter & BlumMore Info
504-417-5131

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Melissa McClendonLatter & BlumMore Info
504-417-5131

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.