*Seller open to 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.
Listed By
Agency Name: Bridgewater Realty Advisors, LLC
Agency Phone: (504) 901-0463
Shown By
Agent Name: Suzette Hubbell
Agent Phone: (985) 249-1151
Agency Title: Suzette Hubbell
Suzette Hubbell Suzette Hubbell
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8019 Trapier Avenue | MLS# 2558562
This multi-family property located at 8019 Trapier Avenue, New Orleans, LA 70127 is currently listed for sale with an asking price of $2,800,000. Search New Orleans real estate on suzettehubbell.suzettehubbell.com today.