Listing Courtesy of: Michael Baker - Realty Resources, Inc.
504-523-5555
$575,000
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1200 E JUDGE PEREZ Drive Chalmette, LA 70043
Mixed Use
Residence
6
Beds
5
Baths
Sq. Ft.
Property Activity
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A notable commercial/residential property is situated at the corner of E. Judge Perez and Palmisano, right across from Chalmette High School. The commercial space on the ground floor is rented to a restaurant for a gross of $2,700. Above, there are three (3), two-bedroom/one-bath apartments, each w...ith market rents of $1,000. Family members occupy some of the residential units at abated rates. This attractive property features high visibility, substantial improvements, a high level of maintenance (new roof 2021), and is in superb condition, offering an enviable cap rate, making it an exceptional investment opportunity. If you're in search of that elusive positive cash flow, consider incorporating this into your portfolio immediately.
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MLS#
2467041
Property Type
Mixed Use
Bedrooms
6
Bathrooms
3 Full/2 Half
Year Built
1974
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