2537 Riv Rd Jefferson, LA 70121-4167
Property Lookup
Property profile & analytics
2537 Riv Rd Jefferson, LA 70121-4167
- Apartment buildings
- 0.74 lot acres
Property ID
US36-0232003
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Mississippi River Trail / Hiking Area
Property Details for 2537 Riv Rd
- Lot size
- 0.74 lot acres
- Property type
- Apartment buildings
- APN
- 0-70-0001927
- APU
- 700001927
Description
This exceptional value-add multifamily investment opportunity presents a 13-unit apartment building situated on a 0.75-acre lot in Jefferson, Louisiana, at 2537 River Rd, 70121. The property, classified as a Class B building, boasts 10,141 square feet and comprises four two-story buildings. Currently featuring 13 units, nine of which are turnkey and fully furnished, the property offers significant upside potential. The existing structure allows for the addition of two more units, with estimated build-out and renovation costs of approximately $125,000. This project's prime location directly adjacent to Ochsner Medical Center, Louisiana's largest employer, provides a strong tenant base of medical professionals, patients, and their families seeking short-term housing. The high demand for short-term rentals in this area ensures quick occupancy and strong cash flow. The property offers ample off-street parking. Financial projections indicate an 8.39% current cap rate and a pro-forma cap rate of 9.31%, with a pro-forma net operating income (NOI) of $232,728. Seller financing is available. The property is zoned for multi-family use, making it an ideal investment for those seeking a high-return, value-add opportunity in a prime medical corridor location. This property is offered at an asking price of $2,500,000.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Jefferson
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.1515
- Latitude
- 29.9609
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,484
$5,410
$97,090
$102,500
-
$54,100
$970,900
$1,025,000
