• 7710-60 N Coronet Court New Orleans, LA 70126

  • $1,165,000
  • 36
    Bed(s)
  • 24
    Baths
  • 15,156
    Sq Ft

$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.

Property Type :

Residential Income

Parish :

Orleans

Style :

Residential Income

Sell a home like this and save $69,401 Find Out How

Property Details

 

Bedroom Information

Total Bedrooms : 36

Bathroom Information

Full Baths: 24

Half Baths: 12

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Room Information

Total Square Feet Living :15156

Total Rooms: 0

Interior Features

Roof : Flat

Cooling Features: Central Air

Heating Features: Central

Building Information

Year Built: 2022

Roof: Flat

Lot Information

Lot Features: City Lot,Rectangular Lot

Property Information

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

Listing Price Information

Original List Price: $1,165,000

Nearby Home Value

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

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 04/30/2024 @ 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.

Selling? Save $69,401 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion