261 Jules Avenue
- 37 units (100% occupied); 3-story w/ elevator
- Full renovation in 2022
- On-site parking and laundry
- 24% Revenue growth in 2024, strong long-term market fundamentals
Property Description
Fully stabilized multi-family property in growing Jefferson Parish submarket, anchored by Ochsner Medical Center. 90% occupancy and very strong revenue growth that will accelerate when Ochsner's children's hospital and neuroscience center are complete.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $6,255,000 |
| No. of Units: | 37 |
| Average Occupancy: | 7.36 |
| Year Built: | 1960 |
| Lot Size: | 0.48 Acres |
| Opportunity Zone: | No |
| Price per unit: | $169,054 |
| Property Website | Click Here |
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout