Contacts
Thomas C. Johnston
SVN | SFRhub Marketplace
(602) 403-3695
Property Details
- Property Type Multi-Family
- Property Size 7,563 SF
- Units 5
- Lot Size 5.11 Acre
- Date Updated Apr 1, 2024
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Reach out to the broker for more info on lease terms and amenities
Highlights
- PRICE REDUCED, MOTIVATED SELLER!
- For more information visit www.SFRhub.com and search for portfolio 100299
- Solid pro forma net cap rate of 9.20%
- Pro forma net operating income of $87,204
- 100% Occupied! Motivated Seller
- The market price of homes in this portfolio is 21% higher than the asking price
- Single-family rent in Slidell is up 12% year over year according to Zumper.com
- The single-family home occupancy rate in New Orleans is 91.4%
- Projected year 1 model 3% rent increase for Slidell
- YOY Predicted HPA for Slidell in 2021 is 7.33%
- Slidell’s latest annual appreciation rate is higher than 80% of the other cities and towns in Louisiana
- The average days on the market for Single Family Homes is only 7 days because of the extremely low supply
- Renters make up 32.5% of the Slidell single-family housing
- Recent job growth is Positive as Slidell jobs have increased by 1.4%
- All SVN® Offices Independently Owned & Operated
- Local Broker License Information: www.SFRhub.com/realestatelicensing
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Slidell, LA
- Zip Code 70460
- Market New Orleans
Points of Interest
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Circle K
0.42 miles
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Shell
0.83 miles
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Chevron
1.30 miles
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Shell
3.66 miles
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Exxon
3.73 miles
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Circle K
4.05 miles
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Exxon
4.35 miles
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Grumpy's
4.49 miles
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Quick Check Gas
4.60 miles
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Shell (Purple Cow)
5.02 miles
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Holiday Inn Express Slidell
0.58 miles
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LaQuinta Inn & Suites - Holiday Blvd
0.62 miles
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Candlewood Suites Slidell Northshore
0.63 miles
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Homewood Suites by Hilton Slidell
0.66 miles
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Quality Inn & Suites Slidell
0.72 miles
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America's Best Value Inn
5.08 miles
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Red Roof Inn
5.32 miles
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Comfort Inn & Suites Slidell
5.36 miles
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Best Western Plus Slidell Inn
5.38 miles
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Motel 6 Slidell
5.44 miles
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Walmart Supercenter
0.89 miles
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Big Lots
3.67 miles
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Goodwill
3.71 miles
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Rouses
3.80 miles
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Walmart Neighborhood Market
4.44 miles
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Winn-Dixie
4.94 miles
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Walmart Neighborhood Market
5.01 miles
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Winn-Dixie
5.12 miles
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Dillard's
5.57 miles
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Jubilee
5.63 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Thomas C. Johnston
SVN | SFRhub Marketplace
(602) 403-3695