4754 Pontchartrain Dr Slidell, LA 70458
- Commercial real estate
- 14,440 SF
- 1.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4754 Pontchartrain Dr
- Lot size
- 1.36 lot acres
- Property size
- 14,440 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents an 18-unit apartment complex ideally situated in Slidell, Louisiana, at 4754 Pontchartrain Dr, 70458. The property, known as Maison Vue, boasts a substantial 14,440 square feet of net rentable space across four, two-story buildings situated on a 1.36-acre lot. Currently commanding a 7.42% cap rate and a strong NOI of $148,014, this Class C multifamily property offers significant potential for return. The complex features 18 units, each a spacious 800 square feet with two bedrooms and one and a half bathrooms, complete with washer/dryer connections and one dedicated parking space per unit. Sixteen of the eighteen units are currently leased. Ten units enjoy stunning waterfront views, while eight overlook a tranquil courtyard. Adding to the property's appeal are 16 garage/storage units, and attractive common areas including waterfront access with a dock, gazebos, and ample greenspace. Recent renovations include a new roof, enhancing the property's value and minimizing future maintenance needs. This property is priced at $1,995,000, translating to $138.54 per square foot. Don't miss this chance to acquire a well-maintained, high-performing multifamily asset in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Slidell
- County
- St. Tammany Parish
- State
- Louisiana
- Longitude
- -89.8125186
- Latitude
- 30.2249774
