$935,000
$988,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
28 Beds
16 Baths
8,360 SqFt
SOLD DATE : 12/29/2024
Key Details
Sold Price $935,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 8,360 sqft
Price per Sqft $111
MLS Listing ID 2475784
Sold Date 12/29/24
Style Traditional
Bedrooms 28
Full Baths 16
Construction Status Average Condition
HOA Y/N No
Year Built 2017
Lot Size 0.321 Acres
Acres 0.3211
Property Sub-Type Apartment
Property Description
This meticulously maintained 12-unit apartment complex, situated along Wilson Avenue, presents a compelling investment prospect. Boasting a strong occupancy rate of 91.66%, the property generates a robust monthly income of $11,501. Having undergone a comprehensive renovation in 2019, the complex was equipped with brand-new electrical, plumbing, roofing, and window systems. This ensures long-lasting durability and minimal maintenance requirements. Each unit is independently metered, providing convenience for both tenants and ownership. This turn-key investment opportunity is for any seasoned investors and newcomers alike, offering a stable income stream and significant potential for future growth.
Location
State LA
County Orleans
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area, Coin-operated
Exterior
Exterior Feature Balcony, Fence
Parking Features Driveway, Off Street, Parking Lot
Pool None
Water Access Desc Public
Roof Type Shingle
Porch Balcony
Building
Lot Description City Lot, Rectangular Lot
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Construction Status Average Condition
Others
Tax ID 39W908716
Financing Other
Special Listing Condition None
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Bought with The McEnery Company
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