Fully occupied, flood zone X, 9.44% in place cap rate. 1113-21 Hickory Street is a 10-unit multifamily property located in Westwego, LA on the Westbank of New Orleans metro. The property is in great condition and has upside potential in rents. Please refer to attached offering memorandum for more info on rents and expenses. The building contains four (4) total buildings including two (2) fourplexes and two (2) mobile homes. All units are 1 bedroom 1 bathroom ranging from 400 sf to 506 sf. All units are leased out and in great condition. Property is also in a favorable Flood Zone X with no flood insurance. The property is currently 100% occupied and has excellent in place cash flow.
Introducing a specious gutted double and brick single with a nice size lot providing ample space for everyone to thrive! These properties offer incredible potential for both investors and families looking for their dream home. Whether you're looking to invest in rental properties or create a comfortable heaven for your loved ones, this is a fantastic opportunity. (Renovations for the Double to Single is incomplete)
The median home value in Westwego, LA is $133,700. This is lower than the county median home value of $227,600. The national median home value is $338,100. The average price of homes sold in Westwego, LA is $133,700. Approximately 62.92% of Westwego homes are owned, compared to 28.3% rented, while 8.78% are vacant. Westwego real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Westwego real estate agent to arrange a tour today!
Westwego, Louisiana 70094 has a population of 11,161. Westwego 70094 is less family-centric than the surrounding county with 13.78% of the households containing married families with children. The county average for households married with children is 25.58%.
The median household income in Westwego, Louisiana 70094 is $43,673. The median household income for the surrounding county is $58,638 compared to the national median of $69,021. The median age of people living in Westwego 70094 is 32.4 years.
The average high temperature in July is 92 degrees, with an average low temperature in January of 44.8 degrees. The average rainfall is approximately 62.4 inches per year, with 0 inches of snow per year.