Active

917 W Monterey Court

Gretna, LA 70056

$385,000 $1,623/Mo

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Overview

Bed

Bath

4,258

Sqft

Description

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. Unit A tenant just moved out so market rent used above, however, this unit should be re-leased in the upcoming weeks. Each unit is individually metered for electricity, enhancing expense control and operational efficiency. The gross building area is appoximately 4,258 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 market, improving the cap rate to 10% plus. This building can be purchased as a package deal with 913 & 929; see MLS#2571072 or MLS#2571151

Property Details

Property Type : ResidentialIncome

Price : $385,000

AD Id : 89155759

MLS Id : 2571149

Beds : 13

Living Area Size : 4,258

Year Built : 1980

County : Jefferson

Map

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: $385000

Tax Information

Parcel Number: 0200008422 Tax Lot: 5-B Tax Legal Desc: Lot 5-B, Square C, Trianon Square

Virtual Tour

Virtual Tour (External Link)

Parking Information

Assigned, OffStreet

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
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
913 W Monterey Court, Gretna, LA, 70056	$399,000	13	10	5,719	5,719 SqFt
2900 N Monterey Court, Gretna, LA, 70056	$730,000	12	8	4,151	4,151 SqFt