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251 Barry Ave Jefferson, LA 70121

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For Sale
$2,895,000

Apartment complex near Ochsner with stable rental demographics.

Type:Multifamily
Property size:
28,924 SF
Added:
Jun 27, 2023
Days on Market:
1010
Last Refresh:
Mar 17 at 1:24 pm

Property Features for 251 Barry Ave

General Information

Standard status
Active
Size
28,924 SF
Property subtype
Multifamily

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Listing Contact
Mason Mccullough

Listing agent Mason Mccullough License #LA

Listing office Bridgewater Realty Advisors

Listing date Jun 27, 2023

Source Crexi

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


Overview

Turnkey Apartment Complex Near Ochsner

This apartment complex is located off Jefferson Highway, within walking distance of the Ochsner Medical Campus. The complex features a flat roof and an on-site parking lot. One of the units contains a laundry room. The property is approximately 97% occupied at an average monthly rate of $865 per month. There is potential for rent increases to at least $950 per unit. The proximity to the Ochsner Medical Campus on Jefferson Highway provides access to a strong tenant pool and supports property value appreciation. This property is suited for those seeking a low-maintenance, low-turnover, cash-flowing asset. The property size is 28924 square feet.
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Apartment buildings

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Location Insight

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  • Local Demand
City
Jefferson
County
Jefferson
State
Louisiana
Longitude
-90.141215
Latitude
29.9613567

FAQs

What type of property is this?
Apartment building - Apartment complex near Ochsner with stable rental demographics.
Where is this apartment building located?
The property is located at 251 Barry Ave Jefferson, LA.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: High occupancy rate (approximately 97%) ensures immediate cash flow.; Significant rental upside with potential to increase average monthly rent to at least $950 per unit.; **Prime location within walking distance of Ochsner Medical Campus, providing a stable and desirable tenant pool.**
More about this property
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