251 Barry Ave Jefferson, LA 70121
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
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Jefferson
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.141215
- Latitude
- 29.9613567
Nearby Similar for Sale
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.**
