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Large 3 bed, 2 bath units plus one large 4 bed unit. A detached four-plex building offering strong in place cash flow and operational stability. 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. The gross building area is approximately 5,719 sf with 4 off street parking spaces, in a favorable Flood Zone X. Units A and D recently became vacant, so market rent is used for those units in the rent roll.
A purchaser can acquire a stabilized asset and continue to raise rents to market, improving the cap rate to 10% plus. This building can be purchased as a package with 917 and 929 W Monterey Ct, or together as MLS #2571072. The building is occupied, so please allow at least 24 hours to view the occupied units.
Contact the listing team for showings, rent details and financing questions.
Contact the AgentsCall Bryce| Unit | Beds | Baths | Monthly Rent |
|---|---|---|---|
| Unit D | 4 | 2.5 | $1,295 |
| Unit C | 3 | 2.5 | $1,395 |
| Unit B | 3 | 2 | $1,350 |
| Unit A | 3 | 2 | $1,295 |
Rents are per the MLS. Units A and D are carried at market rent.
Rents are as reported in the MLS. Where units are vacant, market rent may be carried in the figures. Buyers should verify all income and expense information.
Bridgewater Realty Advisors, LLC | 3501 Severn Ave, Suite 19, Metairie, LA 70002 | (504) 901-0463
Bridgewater Realty Advisors is a privately held firm founded on the premise of providing superior client representation in the lease and sale of commercial real estate. Licensed in LA & MS.