For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

6780 Bundy Rd New Orleans, LA 70127

For Sale
$3,540,000

59 Units, Bank-Owned, Value-Add Opportunity

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional investment opportunity presents a portfolio of 59 multifamily units spread across four complexes in desirable New Orleans, Louisiana locations. The portfolio, totaling 58,270 net rentable square feet, is currently bank-owned and offers significant value-add potential. The asking price is $3,540,000, representing a price per unit of $60,000. The largest complex, located at 6780 Bundy Rd (70127), comprises 48 units (33 three-bedroom/two-bathroom, 13 two-bedroom/one-bathroom, 1 one-bedroom/one-bathroom, and 1 efficiency) within 24 single-story buildings on a 3.02-acre lot. Built in the 1980s and renovated in 2012, this complex features 48,160 square feet and is currently 65% occupied. All units are government subsidized. Additional properties include a fourplex at 2625 Robert St (70115), a triplex at 3219 Louisiana Ave Pkwy (70125), and another fourplex at 924 Deslonde St (70117). The Robert Street and Louisiana Avenue properties are located in AE flood zones, while the Bundy Road and Deslonde Street properties are in X500 flood zones. The portfolio benefits from new property management actively leasing and repairing units, with all units being submitted for the Healthy Homes program. Financial details are available upon request. This is an ideal opportunity for investors seeking a substantial multifamily portfolio in a growing market. The properties can be purchased individually or as a package.

Property Features for 6780 Bundy Rd

General Information

Property type
Multifamily properties

Building Details

Buildings
27
Units
59

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Bundy Apartments Apartment Building

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
New Orleans
County
Orleans Parish
State
Louisiana
Longitude
-89.984186797148
Latitude
30.031449338074

FAQs

What type of property is this?
Multifamily property - 59 Units, Bank-Owned, Value-Add Opportunity
Where is this multifamily property located?
The property is located at 6780 Bundy Rd New Orleans, LA.
What is the asking price?
The asking price for this property is $3,540,000.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message