Thank you
Bryce Danna-marullo
Bridgewater Realty Advisors, LLC
504-298-8631
SELLER FINANCING OFFERED. Reach out for terms. Introducing 2205 & 2221 N. Hullen Street, a 36-unit multifamily property (two 18-unit buildings) located in Metairie, LA. This well maintained complex consists of a mix of 2 bed 1 bath units, 2 bed 1.5 bath units and 1 bed 1 bath units with addition of a coin operated laundry room in each building. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo for the larger units. Metairie is a highly desirable market for both renters and investors alike. Multifamily properties in Metairie generally experience lower turnover and rent extremely quick and 2205/2221 N Hullen 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, laundry room in each building, washer & dryer hookups in several units, and ample parking for tenants. New roof as of 2022. In sum, 2205 & 2221 N. Hullen Street represents an extraordinary value-add investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.
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Total Bedrooms : 60
Full Baths: 36
Half Baths: 18
Water Source : Public
Sewer : Public Sewer
Total Square Feet Living :31652
Total Rooms: 0
Roof : Flat,Shingle
Cooling Features: Central Air
Heating Features: Central
Laundry Features: Common Area
Year Built: 1987
Roof: Flat,Shingle
Lot Features: City Lot,Rectangular Lot
SQ ft: 31,652
Source Listing Status: Active
Property Subtype: Apartment
Building Exterior Type: Vinyl Siding
Foundation Details: Slab
Property Age: 37
Property Condition: Very Good Condition
Levels or Stories: Three Or More
Original List Price: $4,000,000
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3008 Beaulieu Street, Metairie, LA,70001 | $559,900 | 3 | 2 | 3,096 | -- |
557 Arlington Drive, Metairie, LA,70001 | $1,289,000 | 3 | 3 | 2,587 | 0.1033 Acre |
3602 Johnson Street, Metairie, LA,70001 | $469,000 | 2 | 1 | 973 | -- |
114 N Arnoult Road, Metairie, LA,70001 | $469,000 | 7 | 5 | 3,569 | -- |
800 N Woodlawn Avenue, Metairie, LA,70001 | $350,000 | 4 | 3 | 2,038 | -- |
1021 Marian Avenue, Metairie, LA,70001 | $379,000 | 3 | 2 | 1,541 | 0.1228 Acre |
3740 W Napoleon Avenue, Metairie, LA,70001 | $545,000 | 3 | 2 | 2,703 | -- |
4833 Wabash Street #3, Metairie, LA,70001 | $145,000 | 2 | 1 | 1,190 | -- |
2330 Edenborn Avenue #221, Metairie, LA,70001 | $95,000 | 1 | 1 | 544 | -- |
3116 39th Street, Metairie, LA,70001 | $239,500 | -- | -- | 6,000 | -- |
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ByOwner last updated this listing 04/30/2024 @ 21:20
MLS: 2441947
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.