917 W MONTEREY Court, Gretna, Louisiana, 70056

Utilities: Natural Gas Not Available
Water Source: Public
Sewer: Public Sewer
Parking Features: Assigned, Off Street
Architectural Style: Contemporary

Listed by Bridgewater Realty Advisors, Bryce Danna-Marullo

$385,000

5,719 Sqft

13 bd

10 ba

#2571149

A detached four-plex building offering strong in-place cash flow and operational stability. The property consists of 4 units with two vacancies presenting a clear lease-up opportunity for a new owner. Additional revenue can be made from on-site laundry. Renovated in 2024, the property features updated electrical, plumbing, roofing, and window systems, contributing to reduced maintenance and long-term durability. Unit A tenant just moved out so market rent used above, however, this unit should be re-leased in the upcoming weeks. Each unit is individually metered for electricity, enhancing expense control and operational efficiency. The gross building area is appoximately 4,258 sf with 4 off-street parking spaces, and also located in a favorable Flood Zone X. A purchaser has the ability to purchase a stabilized asset and continue to raise rents to meet the market, improving the cap rate to 10% plus.This building can be purchased as a package deal with 913 & 929; see MLS#2571072 or MLS#2571151