Listing Courtesy of: Bryce Danna-Marullo - Bridgewater Realty Advisors, LLC 504-901-0463
$3,250,000 affordable loan icon Calculate Payment

2205 N HULLEN Street Metairie, LA 70001

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Apartment Residence
60 Beds
54 Baths
Sq. Ft.
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Last updated on 11/13/2024 5:17 PM

Listing Details

$500K PRICE REDUCTION! Introducing 2205 & 2221 N. Hullen Street, a 36-unit multifamily property (two 18-unit buildings) located in Metairie, LA. This well maintained complex consists of a mix of 2 bed 1 bath units, 2 bed 1.5 bath units and 1 bed 1 bath units with addition of a coin operated laundry ...room in each building. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo for the larger units. Metairie is a highly desirable market for both renters and investors alike. Multifamily properties in Metairie generally experience lower turnover and rent extremely quick and 2205/2221 N Hullen is no exception. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Property amenities include a well-kept swimming pool, laundry room in each building, washer & dryer hookups in several units, and ample parking for tenants. New roof as of 2022. In sum, 2205 & 2221 N. Hullen Street represents an extraordinary value-add investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio. Continue reading
MLS#
2441947
Property Type
Apartment
Bedrooms
60
Bathrooms
36 Full/18 Half
Year Built
1987
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Listing Courtesy of: Bryce Danna-Marullo - Bridgewater Realty Advisors, LLC 504-901-0463
Andrea Conner, License BROK.995692987-ACT, Xome Inc., License BROK.0995686178-CORP, AndreaD.Conner @xome.com, 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


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