Property profile

314-318 Robinson Ave Marrero, LA 70072

OFF-MARKET
Commercial real estate
4,200 SF 0.09 ac lot Built 2002
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 12-unit multifamily property situated on a 0.09-acre lot at 314-318 Robinson Avenue in Marrero, Louisiana. The property encompasses three separate four-plex buildings, each offering twelve individual units. Each unit boasts one bedroom and one bathroom, equipped with brand new appliances including stoves and refrigerators. Individual units also feature window air conditioning units for tenant comfort. The property's substantial 4,200 square feet of space is complemented by a robust, recently replaced metal roof, installed within the last decade. This significant upgrade significantly reduces ongoing maintenance expenses and ensures long-term structural integrity. The property's location in the thriving Marrero area offers strong potential for rental income generation and future property value appreciation. This makes it an ideal acquisition for investors seeking to diversify their holdings and capitalize on the robust rental market. The asking price for this well-maintained, high-yield investment property is $700,000. This represents a compelling opportunity to secure a substantial return on investment in a desirable and growing market.

Property profile

Verified
Property type Commercial real estate
Year built 2002
Total area 4,200 SF
Lot 0.09 ac (3,920 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

314-318 Robinson Ave Marrero, LA 70072
Marrero metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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