Turn-Key 12-Unit Apartment
For Sale
Contact for pricing
4841 Zenith St, Metairie, LA 70001
Well-maintained 12-unit building with 1 bed/1 bath units and substantial recent improvements, including HVAC and roofing.
Property Size8,160 SF
Days on Market143
Property Features for 4841 Zenith St
General Information
Standard status
Active
Size
8,160 SF
Property subtype
Multifamily
Financials
Cap Rate
7.74%
Business Included
Yes
Additional Details
Multifamily Units
12
Building Details
Tenancy
Multi
Listing Agency:
Bridgewater Realty Advisors
(504) 274-2701
Listed By:
Mason Mccullough · License #LA9705
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 9:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bridgewater Realty Advisors
Investment Insights
Based on property information with market context.
Introducing a turn-key 12-unit apartment complex presented in well-maintained condition. The property consists of 1 bedroom, 1 bathroom units, currently leased at $1,050 per month. Recent capital work includes over $200,000 in improvements such as plumbing and electrical updates, new HVAC units, and roofing. The roof was replaced in 2022, and the property also offers ample off-street parking for residents.
The complex is located in Metairie, Louisiana, and is described as experiencing low turnover and quick rental absorption. The seller notes a projected pro forma cap rate of 7.74%.
For sale at a building price of $1,425,000, the offering is presented as $125,000 per unit, supported by a site area listed at 3,750 sqft and a gross building area of approximately 8,160 sqft.
The complex is located in Metairie, Louisiana, and is described as experiencing low turnover and quick rental absorption. The seller notes a projected pro forma cap rate of 7.74%.
For sale at a building price of $1,425,000, the offering is presented as $125,000 per unit, supported by a site area listed at 3,750 sqft and a gross building area of approximately 8,160 sqft.
Key Highlights
- 12‑unit apartment complex in Metairie, LA, with all units configured as 1 bed / 1 bath.
- Leased at $1,050/month; property is described as maintained with room for rental income increases.
- Over $200,000 in improvements, including plumbing and electrical work, new HVAC units, and roofing.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,582
Businesses Nearby
Explore this area
Business Placement
Demographics for 70001, LA
40,068
Population
19,103
Households
2.1
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
6,164
Density / Sq Mi
$70,187
Median Household Income
$43,662
Median Earnings
$1,145
Median Rent
$313,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 12-unit building with 1 bed/1 bath units and substantial recent improvements, including HVAC and roofing.
Where is this apartment building located?
The property is located at 4841 Zenith St Metairie, LA.
What are key features of this property?
This property features: 12‑unit apartment complex in Metairie, LA, with all units configured as 1 bed / 1 bath.; Leased at $1,050/month; property is described as maintained with room for rental income increases.; Over $200,000 in improvements, including plumbing and electrical work, new HVAC units, and roofing.
