929 W MONTEREY Court, Gretna, Louisiana, 70056

Utilities: Natural Gas Not Available
Water Source: Public
Sewer: Public Sewer
Parking Features: Assigned, Off Street
Parking Total: 1
Architectural Style: Contemporary

Listed by Bridgewater Realty Advisors, Bryce Danna-Marullo

$399,000

5,100 Sqft

12 bd

8 ba

#2571151

100% occupied 4 plex! Large 3 bed 2 bath units. 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.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 & 917; see MLS#2571149 or MLS#2571199