Westbank Residential - Apartments FOR SALE


Gretna, LA 70053- Westbank
$8,490,000 USD
504-681-3409
Westbank Residential, Gretna, LA for Sale
$8,490,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

Westbank Residential
Gretna, LA 70053
Westbank


HIGHLIGHTS

  • 98 units (plus 1 metal frame maintenance bldg.)
  • Priced well below replacement cost

OVERVIEW

Introducing the Westbank Residential Portfolio, a prime investment opportunity to acquire a mix of residential income producing properties consisting primarily of single family residences, duplexes, and three multi-plexes located in Gretna, Harvey and Belle Chasse, LA. This expansive portfolio of approximately 98 individual rental units (plus 1 maintenance bldg.) have been meticulously maintained and managed offering an exceptional investment potential for multifamily investors. With very little capex required and an enviable 80% Plus occupancy rate, this property presents a compelling prospect for those seeking to expand their real estate portfolio in the stable New Orleans MSA area. Don't miss the chance to capitalize on this sleeper investment opportunity. Trailing three (3) years rent revenue have been equal to approximately $1.314M. Detailed Financial Information Disclosures can be made available to qualified parties who execute a Confidentiality Non-Disclosure Agreement.

FOR SALE DETAILS

PRICE

$8,490,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

98

PRICE/UNIT

$86,633

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0100001556

ASK ABOUT THIS PROPERTY

David da CunhaProperty OneMore Info
504-681-3409

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David da CunhaProperty OneMore Info
504-681-3409

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