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Key Details
Sold Price $550,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,002 sqft
Price per Sqft $137
MLS Listing ID 2439096
Sold Date 06/28/24
Style Other
Bedrooms 12
Full Baths 6
Construction Status Excellent
HOA Y/N No
Year Built 1970
Property Sub-Type Apartment
Property Description
Renovated muli-family 6 plex in the heart of Arabi! Excellent location! Long term tenants with original rent prices from 2019! Huge VALUE ADD opportunity to simply raise rent to market value! Exceeds the 1% rule!! Tons of upgrades! Roof 2020, sewer line redone in 2020, all units renovated with granite counters and vinyl flooring! All units are identical. Market rents are $1100-$1150 making this an excellent cash flowing investment. NO FLOOD insurance required! Community laundry. No landscaping to maintain. Owner currently pays for water which can easily be converted to tenants. Huge Value add opportunity without doing any renovations!
Location
State LA
County St. Bernard
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Parking Lot
Water Access Desc Public
Roof Type Asphalt,Flat,Shingle
Building
Lot Description City Lot, Rectangular Lot
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories Two
Construction Status Excellent
Others
Tax ID 1308
Financing Conventional
Special Listing Condition None
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Bought with LPT Realty, LLC.
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Abek Real Estate
Broker | License ID: BROK.995702517-CORP
Broker License ID: BROK.995702517-CORP