Fully Renovated and Stabilized Multifamily Investment Opportunity

2609 Transcontinental Dr, Metairie, LA 70001

  • For Sale $1,450,000
  • Property Type Multi-Family
  • Property Size 1 SF
  • Units 11
  • Lot Size 0.26 Acre
  • Property Tenancy Multi-Tenant
  • Year Renovated 2022
  • Date Updated Feb 5, 2024
Sq 19, Lot 3, parts of lots 38, 39, & 40This 11-unit investment property is fully stabilized. All units have been fully renovated, allowing for immediate tenant placement. The complex comprises one 2 bedroom / 1 bath unit and ten 1 bedroom / 1 bath units. Gated, dedicated off-street parking for tenants. New roof installed in 2022. The complex is equipped with an on-site laundry room. This property's convenient location offers ±3-5 minute access to I-10, ±2 minute access to Veterans Blvd, and ±1 minute access to W Napoleon Ave. ***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Access Privileged Documents” above. From there, you’ll be able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Fully stabilized
  • All units have been fully renovated for immediate tenant placement
  • Gated, dedicated off-street parking for tenants
  • Located within ±5 minutes of I-10, Veterans Blvd, and W Napoleon Ave

Contacts

broker

Benji Azar

ELIFIN®

(504) 289-7750

Location

Getting Around

  • Walk Score ®

    71/100 Very Walkable

  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City Metairie, LA
  • Neighborhood Metairie
  • Zip Code 70001
  • Market New Orleans

Points of Interest

  • Taxi Lot

    4.00 miles

  • Cemeteries

    5.02 miles

  • Canal at Saint Anthony

    5.19 miles

  • South Carrollton at Oak

    5.19 miles

  • South Carrollton at Willow

    5.19 miles

  • South Carrollton at Jeannette

    5.19 miles

  • South Carrollton at Freret

    5.20 miles

  • South Carrollton at Birch

    5.20 miles

  • South Carrollton at Hickory

    5.20 miles

  • South Carrollton at Maple

    5.20 miles

  • Chevron

    0.44 miles

  • Chevron

    0.52 miles

  • Shell

    0.53 miles

  • Exxon

    0.61 miles

  • Chevron

    0.69 miles

  • Texaco

    0.74 miles

  • Exxon

    0.74 miles

  • Discount Zone

    0.76 miles

  • Discount Zone

    0.82 miles

  • Shell

    1.13 miles

  • East Jefferson General Hospital Canal Garage

    1.26 miles

  • East Jefferson General Hospital Esplanade Garage

    1.32 miles

  • Bonnabel Boat Launch

    3.33 miles

  • Bonnabel Boat Launch Parking

    3.37 miles

  • Cell Phone Lot

    3.86 miles

  • Short Term Parking

    4.03 miles

  • Long Term Parking

    4.06 miles

  • Rental Car Facility

    4.22 miles

  • Credit Card Lot

    4.27 miles

  • Rosen Lot

    5.88 miles

  • Sleep Inn & Suites

    0.38 miles

  • Super 8

    0.64 miles

  • InTown Suites Extended Stay New Orleans - Metairie

    0.74 miles

  • La Quinta Inn

    0.89 miles

  • Wyndham Garden New Orleans Airport

    1.26 miles

  • Evergreen Plaza Inn

    1.27 miles

  • Rodeway Inn

    1.51 miles

  • Deep South Motel

    1.60 miles

  • Orleans Courtyard Inn

    1.85 miles

  • Fairfield Inn

    1.93 miles

  • Gio's Pizza

    0.30 miles

  • Daisy Dukes

    0.31 miles

  • Saltgrass Steak House

    0.40 miles

  • Bonefish Grill

    0.41 miles

  • Panera Bread

    0.42 miles

  • Hooters

    0.42 miles

  • Wingstop

    0.44 miles

  • Little Tokyo

    0.45 miles

  • Paco's Tacos

    0.45 miles

  • Don's Seafood

    0.50 miles

  • Crescent City Christian School

    0.15 miles

  • Phoebe Hearst School

    0.18 miles

  • Kinder Haus Montessori Preschool

    0.30 miles

  • Saint Ann Catholic School

    0.72 miles

  • Rudolph Matas Elementary School

    0.95 miles

  • Airline Park Elementary School

    0.95 miles

  • Memorial Baptist Christian School

    0.96 miles

  • Parkway Presbyterian Preschool

    0.99 miles

  • Alice M Birney Elementary School

    1.05 miles

  • T. H. Harris Middle School

    1.05 miles

  • Little Beautiful Minds

    1.55 miles

  • Carousel Preschool

    1.92 miles

  • Shrewco Center Day Care Center

    3.13 miles

  • River Ridge Learning Center

    3.29 miles

  • Little Blessings Day Care Center

    3.39 miles

  • Nitas Day Care Center and Preschool

    3.77 miles

  • Quality Child Care Center

    3.81 miles

  • Hope Day Care and Development Center

    4.26 miles

  • Haynes & Gale II

    4.57 miles

  • Little Lamb Nursery School

    4.57 miles

Frequently Asked Questions

What is the lease rate for Fully Renovated and Stabilized Multifamily Investment Opportunity?

Rental asking rate at Fully Renovated and Stabilized Multifamily Investment Opportunity is $725,000.00/YR.

What is the total square footage of Fully Renovated and Stabilized Multifamily Investment Opportunity?

Fully Renovated and Stabilized Multifamily Investment Opportunity totals 1 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Benji Azar

ELIFIN®

(504) 289-7750