Fully Occupied, 16-Unit Value-Add Multifamily Portfolio

For Sale

944, 957, 961 E Monterey Ct, 2924 S Monterey Ct, Terrytown, LA 70056

This Terrytown property for sale is located at 944, 957, 961 E Monterey Ct, 2924 S Monterey Ct. The current listed sale price for Fully Occupied, 16-Unit Value-Add Multifamily Portfolio is $1,470,000. Fully Occupied, 16-Unit Value-Add Multifamily Portfolio is situated on a lot that is 0.5 acre in size.

Contacts

broker

Benji Azar

ELIFIN®

(504) 289-7750

Property Details

  • Property Type Multi-Family
  • Property Size 1 SF
  • Units 16
  • Lot Size 0.5 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Mar 20, 2024
Square C, Lot 16A Square D, Lots 15A, 16A, 18ANow 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.

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Highlights

  • 100% Occupied – Ongoing waitlist
  • Value-Add opportunity
  • Off-street parking spaces
  • Current NOI of $117,965

Getting around

  • 48/100

    Walk Score ®

  • 36/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Terrytown, LA
  • Neighborhood Terrytown
  • Zip Code 70056
  • Market New Orleans

Points of Interest

  • John Churchill Chase Street

    4.37 miles

  • Julia Street

    4.51 miles

  • Poydras Street

    4.74 miles

  • Saint Charles at Felicity

    4.77 miles

  • Saint Charles at Euterpe

    4.79 miles

  • Saint Charles at Saint Andrew

    4.79 miles

  • Saint Charles at Melpomene

    4.80 miles

  • Saint Charles at Josephine

    4.81 miles

  • Saint Charles at Martin Luther King Jr.

    4.81 miles

  • Saint Charles at Erato

    4.82 miles

  • D's Express

    0.44 miles

  • Murphy USA

    1.37 miles

  • Exxon

    2.19 miles

  • RaceTrac

    2.55 miles

  • Murphy USA

    2.63 miles

  • Shell

    2.67 miles

  • Shell

    3.98 miles

  • Shell

    4.58 miles

  • Shell

    4.65 miles

  • Alex Chevron

    4.80 miles

  • Erato St Cruise Terminal

    4.28 miles

  • Lot F

    4.28 miles

  • Lot B

    4.36 miles

  • Premium Parking

    4.80 miles

  • Harrah's New Orleans Parking Garage

    4.81 miles

  • Premium Parking Lot P296

    5.05 miles

  • Delachise Street Parking Garage

    5.08 miles

  • Prytania Street Parking Garage

    5.19 miles

  • Premium Parking Lot

    5.23 miles

  • E-Z Park

    5.24 miles

  • Holiday Inn Express Harvey - Marrero

    2.26 miles

  • Comfort Suites Harvey - New Orleans West

    2.26 miles

  • BEST WESTERN PLUS Westbank

    2.38 miles

  • Sentry Inn

    2.43 miles

  • TownePlace Suites by Marriott New Orleans Harvey/West Bank

    2.44 miles

  • Days Inn Gretna New Orleans

    2.49 miles

  • Quality Inn & Suites

    2.54 miles

  • La Quinta Inn New Orleans West Bank / Gretna

    2.58 miles

  • Hampton Inn & Suites Harvey/New Orleans West Bank

    2.61 miles

  • Holiday Inn New Orleans West Bank Tower

    2.68 miles

  • Hong Kong Supermarket

    0.20 miles

  • Rouses

    0.78 miles

  • Winn-Dixie

    1.09 miles

  • Walmart Supercenter

    1.30 miles

  • Rouses

    1.79 miles

  • Winn-Dixie

    2.13 miles

  • Target

    2.27 miles

  • Dillard's

    2.34 miles

  • JCPenney

    2.36 miles

  • Kiên Giang Market

    2.37 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

broker

Benji Azar

ELIFIN®

(504) 289-7750