For Sale
$1,050,000
3106 Independence St Metairie, LA 70006
12-Unit Value-Add Apartment Building in Metairie, LA
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 127
Highlights
- 12-unit Class B multifamily investment property in Metairie, LA.
- 7,880 sq ft building on two lots, renovated in 2023, with ample off-street parking.
- Currently 90% occupied, generating $107,460 NOI (10.23% cap rate), with pro-forma NOI projected at $178,900 (17.04% cap rate).
- Asking price: $1,050,000 ($87,500 per unit).
- Prime location off Veterans Blvd, near Clearview Mall, offering significant rental upside due to below-market rents (20-30% below market).
Property Details for 3106 Independence St
- Property type
- Apartment buildings
- Square Feet
- 7,880 SF
- Class
- B
- Year Renovated
- 2023
- Buildings
- 2
- Stories
- 2
- Units
- 12
Location Insight
- City
- Metairie
- County
- Jefferson Parish
- State
- Louisiana
- Latitude
- 30.003199624092
- Longitude
- -90.17850711872
3106 Independence St, Metairie, Louisiana
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FAQs
- What type of property is this?
- Apartment building - 12-Unit Value-Add Apartment Building in Metairie, LA
- Where is the apartment building located?
- The property is located at 3106 Independence St Metairie, LA.
- What is the asking price?
- The asking price for this property is $1,050,000.
- What are key features of this property?
- This property features: 12-unit Class B multifamily investment property in Metairie, LA.; 7,880 sq ft building on two lots, renovated in 2023, with ample off-street parking.; Currently 90% occupied, generating $107,460 NOI (10.23% cap rate), with pro-forma NOI projected at $178,900 (17.04% cap rate).
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