11900-50 LAKELAND Court, New Orleans, Louisiana, 70128

Listed by Bridgewater Realty Advisors, Bryce Danna-Marullo
$2,450,000
34,100 Sqft
1.46 Acres
#2542899
Price reduction! $32,070 Per month in actual gross income! Lakeland Manor is a portfolio of eight (8) adjacent fourplex apartment buildings totaling 31 units, ideally located in a quiet cul-de-sac off Bullard Avenue in New Orleans East all situated within immediate proximity, creating a cohesive and easily managed community. An additional 4plex located at 8017 Bullard next door is also for sale for total of 35 units. Each building is a well-maintained two-story fourplex offering spacious floorplans and consistent rental demand. The layout of the portfolio, clustered around Lakeland Court with frontage on Bullard Avenue, provides operational efficiency for leasing, management, and maintenance. All buildings benefit from strong physical condition and stabilized occupancy with upside potential through rent growth.This portfolio offers a turnkey investment in a stable, income-producing multifamily asset ideally suited for both seasoned multifamily investors seeking a reliable return profile and investors looking to scale quickly in a proven submarket.

PROPERTY FEATURES

  • Business Type : Commercial, Other
  • Utilities : Natural Gas Not Available
  • Water Source : Public
  • Sewer : Public Sewer
  • Parking Features: Off Street, Parking Lot
  • Current Use : Commercial, Residential, Other
  • Zoning : S-B1
  • Construction Materials: Brick, Vinyl Siding
PROPERTY DETAILS
ID: 2542899
Status: Active
Price: $2,450,000
Acres: 1.46 Acres
Price Per Acre: $1,678,082
Type: Other
Address: 11900-50 LAKELAND Court
City, State: New Orleans, Louisiana
County: Orleans
Zip Code: 70128
Lat/Long: 30.05671, -89.968899
Presented By: Bryce Danna-Marullo
Phone:
Email: Click to Contact