200 Pink St Metairie, LA 70005

Property Details for 200 Pink St

Year built

1960

Property size

1,792 SF

Property type

Residential income homes

Description

This meticulously maintained, single-story duplex in desirable Old Metairie, Louisiana, presents a compelling investment or owner-occupied opportunity. Built in 1960 and extensively renovated in 2020, the property boasts 1,792 square feet situated on a 5,000 square foot lot. The property is zoned RD2 and features two units, each offering significant rental income potential. Located at 200 Pink Street, Metairie, LA 70005, this property enjoys a prime location just off Metairie Road, providing convenient access to a vibrant array of shops, restaurants, and amenities. The asking price is $499,000, translating to a price per square foot of $278.46 and a price per unit of $249,500. This represents a strong value proposition in a highly sought-after neighborhood. The property is also available as part of a larger five-building portfolio for $2.5 million. This turnkey investment offers immediate cash flow and the potential for long-term appreciation in a stable market. The property is not subject to a ground lease. This is an exceptional opportunity for investors seeking a high-return asset in a prime location.