Turnkey Occupied 8-Plex
600 Westwood Drive Marrero, LA 70072
600 Westwood Drive, Marrero, LA, 70072
$650,000
For Sale
$650,000
Fully occupied 8-plex generating $6,680 per month in rental income, with additional revenue from on-site coin laundry.
Property Size4,100 SF
Price / SF$158.54
Days on Market49
Property Features for 600 Westwood Drive
General Information
- Standard status
- Active
- Size
- 4,100 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1973
Listing agency
Homesmart Realty South
(985) 705-4263
Listed by
Christy Murphy · License #000020349
(985) 705-4263
Source
Compass
Added: Jun 4 Updated: Jul 21 at 3:56PM Checked: Jul 21 at 3:56PM
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 Homesmart Realty South
Investment Insights
Based on property information with market context.
This turnkey 8-plex multifamily property is currently fully occupied and generating $6,680 per month in rental income. The property also includes on-site coin-operated laundry to produce additional revenue.
The offering is positioned just off the Westbank Expressway, with access to nearby shopping, dining, and major employers.
According to the remarks, current rents indicate room for growth. The property is presented as a stabilized income-producing asset with both immediate cash flow and additional upside prospects tied to rental performance.
The offering is positioned just off the Westbank Expressway, with access to nearby shopping, dining, and major employers.
According to the remarks, current rents indicate room for growth. The property is presented as a stabilized income-producing asset with both immediate cash flow and additional upside prospects tied to rental performance.
Key Highlights
- Fully occupied 8‑plex generating $6,680/month in rental income
- Additional income from on‑site coin‑operated laundry
- 9 bedrooms and 9 total bathrooms (8 full, 1 partial)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.1k | $20.52 |
| − Vacancy | −$7.7k | −$1.87 |
| EGI | $76.5k | $18.65 |
| − OpEx | −$34.4k | −$8.39 |
| NOI | $42.1k | $10.26 |
4,100 SF · lease $20.52/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$600.9K
$525.8K – $701.0K
NOI $42,062 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$946.5K – $1.26M
NOI $75,719 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully occupied 8-plex generating $6,680 per month in rental income, with additional revenue from on-site coin laundry.
Where is this apartment building located?
The property is located at 600 Westwood Drive Marrero, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Fully occupied 8‑plex generating $6,680/month in rental income; Additional income from on‑site coin‑operated laundry; 9 bedrooms and 9 total bathrooms (8 full, 1 partial)
