100% occupied 4 plex! Large 3 bed 2 bath units. 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 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 & 917; see MLS#2571149 or MLS#2571199
17 days
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Zillow last checked:
Listing updated:
Listed by:
Mason McCullough504-298-8631,
Bridgewater Realty Advisors, LLC504-901-0463,
Bryce Danna-Marullo504-301-5583,
Bridgewater Realty Advisors, LLC
Source: GSREIN,MLS#: 2571151
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 8
Full bathrooms: 8
Heating
Central
Cooling
Central Air
Interior area
Total interior livable area: 5,100 sqft
Property
Parking
Total spaces: 1
Parking features: Assigned, Off Street, One Space
Features
Levels: Two
Stories: 2
Lot
Size: 1.1 Acres
Dimensions: 160 x 300
Features: City Lot, Rectangular Lot
Details
Parcel number: 0200001314
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Architectural style: Contemporary
Property subtype: Quadruplex, Multi Family, Multi Family