For Sale $1,470,000
Property Type Multi-Family
Property Size 1 SF
Units 16
Lot Size 0.5 Acre
Property Tenancy Multi-Tenant
Date Updated Mar 20, 2024

Square C, Lot 16A Square D, Lots 15A, 16A, 18ANow available for sale, this East and South Monterey Ct portfolio offers an excellent value-add investment opportunity in a single outlet multi-family community in Terrytown, LA. The property comprises 4 fourplexes on separate parcels. Each fourplex is comprised of (2) 3 bedroom, 2 bathroom units and (2) 3 bedroom, 2.5 bathroom units. The fourplexes can be purchased individually at $385,000 / property. This portfolio is currently fully occupied and boasts a strong history of 100% occupancy, supported by an ongoing waitlist, underscoring the high demand and stability of the investment. Situated in Terrytown, these properties offer tenants easy access to a variety of essential retail businesses, including Walmart, Rouses Market, CVS, McDonald’s, and AutoZone. There is strong potential to add value through cosmetic and amenity upgrades. Each property has dedicated off-street parking spaces. Current Net Operating Income of $117,965.

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Highlights

100% Occupied – Ongoing waitlist
Value-Add opportunity
Off-street parking spaces
Current NOI of $117,965

Contacts

Benji Azar

ELIFIN®

(504) 289-7750

Location

Getting Around

Walk Score ®
48/100 Car-Dependent
Bike Score ®
36/100 Somewhat Bikeable

Map
Street

City Terrytown, LA
Neighborhood Terrytown
Zip Code 70056
Market New Orleans

Points of Interest

John Churchill Chase Street

4.37 miles
Julia Street

4.51 miles
Poydras Street

4.74 miles
Saint Charles at Felicity

4.77 miles
Saint Charles at Euterpe

4.79 miles
Saint Charles at Saint Andrew

4.79 miles
Saint Charles at Melpomene

4.80 miles
Saint Charles at Josephine

4.81 miles
Saint Charles at Martin Luther King Jr.

4.81 miles
Saint Charles at Erato

4.82 miles

D's Express

0.44 miles
Murphy USA

1.37 miles
Exxon

2.19 miles
RaceTrac

2.55 miles
Murphy USA

2.63 miles
Shell

2.67 miles
Shell

3.98 miles
Shell

4.58 miles
Shell

4.65 miles
Alex Chevron

4.80 miles

Erato St Cruise Terminal

4.28 miles
Lot F

4.28 miles
Lot B

4.36 miles
Premium Parking

4.80 miles
Harrah's New Orleans Parking Garage

4.81 miles
Premium Parking Lot P296

5.05 miles
Delachise Street Parking Garage

5.08 miles
Prytania Street Parking Garage

5.19 miles
Premium Parking Lot

5.23 miles
E-Z Park

5.24 miles

Holiday Inn Express Harvey - Marrero

2.26 miles
Comfort Suites Harvey - New Orleans West

2.26 miles
BEST WESTERN PLUS Westbank

2.38 miles
Sentry Inn

2.43 miles
TownePlace Suites by Marriott New Orleans Harvey/West Bank

2.44 miles
Days Inn Gretna New Orleans

2.49 miles
Quality Inn & Suites

2.54 miles
La Quinta Inn New Orleans West Bank / Gretna

2.58 miles
Hampton Inn & Suites Harvey/New Orleans West Bank

2.61 miles
Holiday Inn New Orleans West Bank Tower

2.68 miles

Taco Bell

0.87 miles
McDonald's

0.89 miles
El Patron Mexican Grill

0.90 miles
McDonald's

0.98 miles
Popeyes

1.03 miles
Piccadilly

1.41 miles
DiMartinos

1.45 miles
Firehouse Subs

1.95 miles
Popeyes

2.14 miles
Popeyes

2.28 miles

Geraldine Boudreaux Elementary School

0.41 miles
Shiloh Christian School

0.49 miles
Livaudais Middle School

0.61 miles
George Cox Elementary School

0.89 miles
Christ the King Elementary School

1.10 miles
Stepping Stones Montessori School

1.24 miles
Terrytown Elementary School

1.32 miles
Muslim Academy

1.33 miles
Dwight D Eisenhower Elementary School

1.37 miles
Paul J. Solis Elementary School

1.55 miles

Kinder Care Learning Center Number 1017

0.18 miles
Marys Child Care and Preschool

0.88 miles
Carlie Care Day Care Center

0.98 miles
Kays Day Care Center

1.24 miles
Precious Little Lambs Day Care Center

1.87 miles
YWCA Jackson Landing Preschool

2.10 miles
Kids-R-Us Christian Childcare and Development Center

2.16 miles
Kays Day Care Center

2.21 miles
Kingdom Child Development Center Number 2

2.43 miles
Cinderella Day Care and Preschool Academy

2.51 miles

Frequently Asked Questions

What is the lease rate for Fully Occupied, 16-Unit Value-Add Multifamily Portfolio?

Rental asking rate at Fully Occupied, 16-Unit Value-Add Multifamily Portfolio is $735,000.00/YR.

What is the total square footage of Fully Occupied, 16-Unit Value-Add Multifamily Portfolio?

Fully Occupied, 16-Unit Value-Add Multifamily Portfolio totals 1 square feet.

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