917 W Monterey Ct, Gretna, LA 70056
- $385,000
- 13
- BD
- 5,719
- SqFt
- List Price
- $385,000
- MLS#
- 2571149
- Status
- ACTIVE
- Type
- Multifamily
- Style
- Contemporary
- Stories
- 2
- Bedrooms
- 13
- Half-baths
- 2
- Living Area
- 5,719
- Parish
- Jefferson
Property 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
Additional Information
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- Pool Description
- None
- Property Condition
- Very Good Condition
- Heating
- Central
- Cooling
- Central Air
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