Thank you
Bryce Danna-marullo
Bridgewater Realty Advisors, LLC
504-298-8631
$16,800 per month in potential gross income - all 3 bed 2.5 bath units renting for max $1,400/mo each. Ten out of twelve units occupied. Fully renovated 12-unit apartment complex at 7710-60 North Coronet Court in New Orleans, LA, offers a lucrative opportunity with a potential monthly rent of $16,800, ensuring a robust and immediate cashflow. The current monthly income of $13,307 supasses the 1% rule. The property contains three (3) fully renovated, 2-story buildings that each contain four (4) units. Each unit is approximately 1,263 sf and contains 3 bedrooms and 2.5 bathrooms. There are few properties in the New Orleans East market that offer fully renovated 3 bedroom 2.5 bathroom apartments, making this a highly sought after destination for tenants. Overall, thisis a solid investment opportunity with high inplace cash flow and a great addition to a multifamily portfolio.
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Total Bedrooms : 36
Full Baths: 24
Half Baths: 12
Water Source : Public
Sewer : Public Sewer
Total Square Feet Living :15156
Total Rooms: 0
Roof : Flat
Cooling Features: Central Air
Heating Features: Central
Year Built: 2022
Roof: Flat
Lot Features: City Lot,Rectangular Lot
SQ ft: 15,156
Source Listing Status: Active
Property Subtype: Apartment
Building Exterior Type: Brick
Foundation Details: Slab
Property Age: 2
Property Condition: Excellent,Repairs Cosmetic,Resale
Levels or Stories: Two
Original List Price: $1,165,000
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
8258 Lake Forest Boulev.., New Orleans, LA,70126 | $440,000 | -- | -- | 218,314 | 5.02 Acres |
6700 Virgilian Street, New Orleans, LA,70126 | $147,000 | 3 | 2 | 1,497 | -- |
7010 Manchester Street, New Orleans, LA,70126 | $29,000 | -- | -- | 6,913 | 0.1587 Acre |
4801 Eastview Drive, New Orleans, LA,70126 | $29,000 | -- | -- | -- | 0.186 Acre |
6118 Campus Boulevard, New Orleans, LA,70126 | $165,000 | 4 | 2 | 1,861 | -- |
6317 Debore Dr, New Orleans, LA,70126 | $64,000 | -- | -- | -- | 0.12 Acre |
7931 Chef Menteur Highway, New Orleans, LA,70126 | $260,000 | -- | -- | -- | 1.5 Acres |
7919 Chef Menteur Highway, New Orleans, LA,70126 | $220,000 | -- | -- | -- | 1.2 Acres |
3221 Montegut Street, New Orleans, LA,70126 | $159,500 | -- | -- | -- | -- |
5050 Chef Menteur Highway, New Orleans, LA,70126 | $500,000 | -- | -- | -- | 2.64 Acres |
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ByOwner last updated this listing 04/30/2024 @ 03:52
MLS: 2430142
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.