8019 Trapier Avenue, New Orleans, Louisiana, 70127

Listed by Bridgewater Realty Advisors, Bryce Danna-Marullo
$2,800,000
62,685 Sqft
1.75 Acres
#2542902
*Seller will consider Bond for Deed with 25% down, terms negotiable*Situated in the heart of the New Orleans East neighborhood, this 65-unit apartment complex offers a prime workforce and affordable housing investment opportunity with value-add potential by leasing last remaining vacant/rent ready units and repairing 3 down units. The portfolio consists of two well-positioned properties: 8019 Trapier, encompassing 48 units, and 9500 Hayne, comprising 17 units. The buildings can be purchased together or separately as a 48 and 17 unit complex. Will produce over $60,000 per month in gross rental income once fully leased and stabilized. Owners have completed all outstanding repairs since original list date (except for 3 down units they are not repairing) and currently in the midst lease-up, the occupancy went from 48% to 74% in a matter of months.

PROPERTY FEATURES

  • Utilities : Natural Gas Not Available
  • Water Source : Public
  • Sewer : Public Sewer
  • Parking Features: Parking Lot
  • Current Use : Commercial, Residential, Other
  • Zoning : Sb-2
PROPERTY DETAILS
ID: 2542902
Status: Pending Sale
Price: $2,800,000
Acres: 1.75 Acres
Price Per Acre: $1,600,000
Type: Other
Address: 8019 Trapier Avenue
City, State: New Orleans, Louisiana
County: Orleans
Zip Code: 70127
Lat/Long: 30.045995, -89.988869
Presented By: Bryce Danna-Marullo
Phone:
Email: Click to Contact