917 W MONTEREY CT, Gretna, LA 70056
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917 W MONTEREY CT, Gretna, LA 70056
917 W MONTEREY CT, Gretna, LA 70056
917 W MONTEREY CT, Gretna, LA 70056
917 W MONTEREY CT, Gretna, LA 70056
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Francesca Brennan

Francesca Brennan

+1(504) 906-7428
$ 385,000
Est. payment /mo
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917 W MONTEREY CT Gretna, LA 70056

13 Beds

10 Baths

5,719 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,719 sqft

Price per Sqft $67

MLS Listing ID 2571149

Style Contemporary

Bedrooms 13

Full Baths 8

Half Baths 2

HOA Y/N No

Year Built 1980

Lot Dimensions 160X300

Property Sub-Type Quadruplex

Source ROAM MLS

Land Area 5719

Property Description

A detached four-plex building offering strong in-place cash flow and operational stability. The property consists of 4 units with two vacancies presenting a clear lease-up opportunity for a new owner. Additional revenue can be made from on-site laundry. Renovated in 2024, the property features updated electrical, plumbing, roofing, and window systems, contributing to reduced maintenance and long-term durability. Unit A tenant just moved out so market rent used above, however, this unit should be re-leased in the upcoming weeks. Each unit is individually metered for electricity, enhancing expense control and operational efficiency. The gross building area is appoximately 4,258 sf with 4 off-street parking spaces, and also located in a favorable Flood Zone X. A purchaser has the ability to purchase a stabilized asset and continue to raise rents to meet the market, improving the cap rate to 10% plus.This building can be purchased as a package deal with 913 & 929; see MLS#2571072 or MLS#2571151

Location

State LA

County Jefferson

Direction From Behrman Hwy, turn right onto Monterey Ct S, then left onto Monterey Ct W. The building is on your right.

Interior

Cooling Central Air

Fireplace No

Exterior

Parking Features Assigned, Off Street

Utilities Available Natural Gas Not Available

Garage No

Building

Lot Description Other

Foundation Slab

Water Public

Architectural Style Contemporary

New Construction No

Others

Tax ID 0200008422

Virtual Tour https://www.propertypanorama.com/instaview/roam/2571149

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by Bridgewater Realty Advisors
Francesca Brennan

Francesca Brennan

Advisor License ID: 912122600

+1(504) 906-7428

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917 W MONTEREY CT