• 4289-93 Lac Saint Pierre Drive Harvey, LA 70058

  • $2,600,000
  • 48
    Bed(s)
  • 32
    Baths
  • 26,400
    Sq Ft

SELLER FINANCING OFFERED. 100% occupied 24-unit multi-family property located in Harvey, LA. This well-maintained 24-unit complex consists of a mix of 2 bed 1.5 bath units and 2 bed 2 bath units and includes 4 parcels of vacant land to build additional units. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo. Each unit is condo’d. Harvey is a highly desirable market for both renters and investors alike. Multifamily properties in Harvey generally experience lower turnover and rent out extremely quick and 4289-93 Lac St. Pierre Drive is no exception. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Property amenities include a well-kept swimming pool, tennis court, washer & dryers in each unit, and ample parking for tenants. Our insurance broker advised it was only $400-500 additionally on the GL policy per year to insure the pool. In sum, 4289-93 Lac St. Pierre Drive represents an extraordinary investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.

Property Type :

Residential Income

Parish :

Jefferson

Style :

Residential Income

Sell a home like this and save $155,501 Find Out How

Property Details

 

Bedroom Information

Total Bedrooms : 48

Bathroom Information

Full Baths: 32

Half Baths: 16

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Room Information

Total Square Feet Living :26400

Total Rooms: 0

Interior Features

Roof : Shingle

Exterior Property Features : Balcony,Courtyard,Fence,Tennis Court(s)

Cooling Features: Central Air

Heating Features: Central

Building Information

Year Built: 1984

Roof: Shingle

Exterior Features

Balcony,Courtyard,Fence,Tennis Court(s)

Lot Information

Lot Features: Corner Lot,City Lot

Property Information

SQ ft: 26,400

Source Listing Status: Active

Property Subtype: Apartment

Building Exterior Type: Brick,Wood Siding

Foundation Details: Slab

Property Age: 40

Property Condition: Very Good Condition,Resale

Levels or Stories: Two

Listing Price Information

Original List Price: $2,600,000

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Velva Street, Harvey, LA,70058 $150,000 -- -- 125,000 2.87 Acres
1749 Gretna Boulevard, Harvey, LA,70058 $375,000 -- -- 40,000 0.689 Acre
Gretna Boulevard, Harvey, LA,70058 $440,000 -- -- 50,000 1.15 Acres
Edison Avenue, Harvey, LA,70058 $30,000 -- -- -- --
730 Bellanger Street, Harvey, LA,70058 $50,000 -- -- -- 0.2013 Acre
LOTS 1-50 Broadway Avenue, Harvey, LA,70058 $150,000 -- -- 125,000 2.87 Acres
1533 Rosewood Drive, Harvey, LA,70058 $169,000 -- -- -- --
1842 E Squirewood Drive, Harvey, LA,70058 $115,900 -- -- 9,670 0.2 Acre
2544 Eastview Drive, Harvey, LA,70058 $244,000 3 2 2,076 0.1377 Acre
2309 Alex Korman Boulev.., Harvey, LA,70058 $160,000 10 8 4,400 --

Each Internet Data Exchange Participant will place, or cause to be placed, on his Internet Data Exchange web site on the opening page displaying copyright data of NOMAR, a button named “Terms and Conditions” (or such similar name) with the following information clearly displayed:

(i) "Copyright 2024 New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited."

(ii) Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS®, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.

(iii) The information being provided is for the consumer’s personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing. The user of this site is granted permission to copy a reasonable and limited number of copies to be used in satisfying the purposes identified in the preceding sentence.

(iv) By using this site, you signify your agreement with and acceptance of these terms and conditions. If you do not accept this policy, you may not use this site in any way. Your continued use of this site, and/or its affiliates’ sites, following the posting of changes to these terms will mean you accept those changes, regardless of whether you are provided with additional notice of such changes.

(v) In the event that Firm needs to make the IDX Data available to a third party Consultant, Firm agrees to require such third party to execute this Agreement and become a Consultant for the exclusive purpose of posting the data to Firms website. A user id and password(s) will be assigned for this purpose. Passwords cannot be shared. Neither a Participant nor Consultant may share a password with any party not authorized in this Agreement.

ByOwner last updated this listing 04/29/2024 @ 14:00

MLS: 2432818
LISTED BY: Bryce Danna-Marullo, Bridgewater Realty Advisors, LLC
SOURCE: NOMAR
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

Selling? Save $155,501 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion