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    4754 Pontchartrain Dr Slidell, LA 70458

    For Sale
    $1,995,000

    18-Unit Multifamily, High Cap Rate, Waterfront Views

    Property size:
    14,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents an 18-unit apartment complex ideally situated in Slidell, Louisiana, at 4754 Pontchartrain Dr, 70458. The property, known as Maison Vue, boasts a substantial 14,440 square feet of net rentable space across four, two-story buildings situated on a 1.36-acre lot. Currently commanding a 7.42% cap rate and a strong NOI of $148,014, this Class C multifamily property offers significant potential for return. The complex features 18 units, each a spacious 800 square feet with two bedrooms and one and a half bathrooms, complete with washer/dryer connections and one dedicated parking space per unit. Sixteen of the eighteen units are currently leased. Ten units enjoy stunning waterfront views, while eight overlook a tranquil courtyard. Adding to the property's appeal are 16 garage/storage units, and attractive common areas including waterfront access with a dock, gazebos, and ample greenspace. Recent renovations include a new roof, enhancing the property's value and minimizing future maintenance needs. This property is priced at $1,995,000, translating to $138.54 per square foot. Don't miss this chance to acquire a well-maintained, high-performing multifamily asset in a desirable location.

    Property Features for 4754 Pontchartrain Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    14,440 SF
    Class
    C
    Lot Size
    59,242 SF

    Building Details

    Buildings
    4
    Stories
    2
    Units
    18

    HighLights

    • $1,995,000 asking price for this 18‑unit multifamily property.
    • 7.42% cap rate with a $148,014 NOI.
    • 14,440 square feet on a 1.36‑acre lot in Slidell, LA.
    • Property consists of four, two‑story buildings totaling 18 units, each approximately 800 square feet with 2 bedrooms and 1.5 bathrooms.
    • Recently renovated with a new roof; 16 of 18 units currently leased.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Slidell
    County
    St. Tammany Parish
    State
    Louisiana
    Longitude
    -89.8125186
    Latitude
    30.2249774

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    FAQs

    What type of property is this?
    Multifamily property - 18-Unit Multifamily, High Cap Rate, Waterfront Views
    Where is this multifamily property located?
    The property is located at 4754 Pontchartrain Dr Slidell, LA.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: $1,995,000 asking price for this 18-unit multifamily property.; 7.42% cap rate with a $148,014 NOI.; 14,440 square feet on a 1.36-acre lot in Slidell, LA.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4754 Pontchartrain Dr Slidell, LA 70458
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