Active

913 W Monterey Court

Gretna, LA 70056

$399,000 $1,682/Mo

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Overview

Bed

Bath

5,719

Sqft

Description

Large 3 bed 2 bath units and 1 large 4 bed unit. A detached four-plex building offering strong in-place cash flow and operational stability. The property consists of 4 units with two vacancies presenting a clear lease-up opportunity for a new owner. Additional revenue can be made from on-site laundry. Renovated in 2024, the property features updated electrical, plumbing, roofing, and window systems, contributing to reduced maintenance and long-term durability. Each unit is individually metered for electricity, enhancing expense control and operational efficiency. The gross building area is appoximately 5,719 sf with 4 off-street parking spaces, and also located in a favorable Flood Zone X. A purchaser has the ability to purchase a stabilized asset and continue to raise rents to meet the ma rket, improving the cap rate to 10% plus. This building can be purchased as a package deal with 917 & 929 W Monterey. 2 tenants just moved out, units A and D, so market rent was used in the listing above for those vacant units.

Property Details

Property Type : ResidentialIncome

Price : $399,000

AD Id : 89216091

MLS Id : 2571199

Beds : 13

Living Area Size : 5,719

Year Built : 1980

County : Jefferson

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 13

Bathroom Information

Full Baths: 8 Half Baths: 2

Roofing Information

Shingle
Interior Features

Roof: Shingle
Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

Building Information

Year Built: 1980

Construction Materials: Frame, Hardboard

Stories: 2

Pool Features: None

Private Pool: No

Lot Information

Lot Dimensions: 160X300 Lot Description: CityLot,RectangularLot

Listing Price Information

Listing Price: $399000

Tax Information

Parcel Number: per assessor

Virtual Tour

Virtual Tour (External Link)

Parking Information

Assigned, OffStreet, OneSpace

Location Information

Direction: From Behrman Hwy, turn right onto Monterey Ct S, then left onto Monterey Ct W. The building is on your right. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2113 Carol Sue Avenue, Gretna, LA, 70056	$415,000	8	4	3,741	3,741 SqFt
2109 Carol Sue Avenue, Gretna, LA, 70056	$415,000	8	4	3,741	3,741 SqFt
913 29 W Monterey Court, Gretna, LA, 70056	$1,150,000	6	--	850	850 SqFt
929 W Monterey Court, Gretna, LA, 70056	$399,000	12	8	4,258	4,258 SqFt
917 W Monterey Court, Gretna, LA, 70056	$385,000	13	10	4,258	4,258 SqFt
953 E Monterey Court, Gretna, LA, 70056	$625,000	18	11	7,545	7,545 SqFt
953 E Monterey Court, Gretna, LA, 70056	$400,000	13	8	5,450	5,450 SqFt
2900 N Monterey Court, Gretna, LA, 70056	$730,000	12	8	4,151	4,151 SqFt