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

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Address: 944, 957, 961 E Monterey Ct, 2924 S Monterey Ct, Terrytown, Louisiana, US
Created date: February 16, 2024
Date last updated: March 20, 2024
  • 100% Occupied – Ongoing waitlist
  • Value-Add opportunity
  • Off-street parking spaces
  • Current NOI of $117,965

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. 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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $1,470,000
No. of Units: 16
Lot Size: 0.50 Sq ft
Opportunity Zone: No
Price per unit: $91,875
Property Website Click Here
Address: 944, 957, 961 E Monterey Ct, 2924 S Monterey Ct, Terrytown, LA 70056, USA
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