944, 957, 961 E Monterey Ct, 2924 S Monterey Ct

• 100% Occupied – Ongoing waitlist
• Value-Add opportunity
• Current NOI of $117,965
• Buildings can be paired together or bought individually starting at $370,000

Property Description

Now available for sale, this East and South Monterey Ct portfolio offers an excellent value-add investment opportunity in a single outlet multi-family community in Terrytown, LA. Buildings can be paired together or bought individually starting at $370,000. The property comprises 4 fourplexes on separate parcels. Each fourplex is comprised of (2) 3 bedroom, 2 bathroom units and (2) 3 bedroom, 2.5 bathroom units. The fourplexes can be purchased individually at $385,000 / property. This portfolio is currently fully occupied and boasts a strong history of 100% occupancy, supported by an ongoing waitlist, underscoring the high demand and stability of the investment. Situated in Terrytown, these properties offer tenants easy access to a variety of essential retail businesses, including Walmart, Rouses Market, CVS, McDonald’s, and AutoZone. There is strong potential to add value through cosmetic and amenity upgrades. Each property has dedicated off-street parking spaces. Current Net Operating Income of $117,965.