3106 Independence St Metairie, LA 70006

Listing Agency Bridgewater Realty Advisors m***@bridgewater.realty Show Phone

Listed by Mason Mccullough · License #LA9705

Source Crexi

Added: Nov 3, 2023 Checked: Jul 13 at 5:57 am

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Investment Insights

Based on property information with market context.

Located in Metairie, Louisiana, 3106-10 Independence Street is a multifamily property presenting a value-add investment opportunity. Metairie is a desirable market for both renters and investors. Multifamily properties in Metairie generally experience lower turnover and rent out quickly. The current rents are positioned below the local market rates, allowing a new owner to strategically increase rental income without extensive renovations. New renovations nearby at Clearview Mall, including new multifamily units, should continue to increase the value in the surrounding area. Ample off-street parking is available in the rear of the building.

Key Highlights

• Multifamily property in a highly desirable Metairie location.
• Value‑add opportunity with below‑market rents.
• Ample off‑street parking available.

Property Analytics

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FAQs

What type of property is this?

Multifamily property - Value-add multifamily property in desirable Metairie location with rental upside.

Where is this multifamily property 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: Multifamily property in a highly desirable Metairie location.; Value‑add opportunity with below‑market rents.; Ample off‑street parking available.