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2205 N Hullen Street

Metairie, LA 70001
  • $3,750,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 2441947
Price Reduced
UPDATED: 43 min ago
$3,750,000
  • 60
    BEDS
  • N/A
    ACRES
  • 36
    BATHS
  • 18
    1/2 BATHS
  • 31,652
    SQFT
  • $118
    $/SQFT
Type:
Multi-Family
Built:
1987
County:

School Ratings & Info

Description

PRICE REDUCTION! 4.5% interest rate seller financing offered. Reach out for terms. Introducing 2205 & 2221 N. Hullen Street, a 36-unit multifamily property (two 18-unit buildings) located in Metairie, LA. This well maintained complex consists of a mix of 2 bed 1 bath units, 2 bed 1.5 bath units and 1 bed 1 bath units with addition of a coin operated laundry room in each building. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo for the larger units. Metairie is a highly desirable market for both renters and investors alike. Multifamily properties in Metairie generally experience lower turnover and rent extremely quick and 2205/2221 N Hullen is no exception. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Property amenities include a well-kept swimming pool, laundry room in each building, washer & dryer hookups in several units, and ample parking for tenants. New roof as of 2022. In sum, 2205 & 2221 N. Hullen Street represents an extraordinary value-add investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.

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Broker and Associates are licensed in the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA.

Terms & Conditions
© 2024 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keaty Real Estate, LLC. Data last updated: 2024-05-26T20:34:51.4.
www.keatyrealestate.com/homes/149169359
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2205 N Hullen Street Metairie, LA 70001

  • Price: $3,750,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 43 min ago
  • MLS #: 2441947
60
Beds
36
Baths
18
½ Baths
N/A
Acres
31,652
SQFT
$118
$/SQFT
1987
Built
County:
Jefferson
Property Description
PRICE REDUCTION! 4.5% interest rate seller financing offered. Reach out for terms. Introducing 2205 & 2221 N. Hullen Street, a 36-unit multifamily property (two 18-unit buildings) located in Metairie, LA. This well maintained complex consists of a mix of 2 bed 1 bath units, 2 bed 1.5 bath units and 1 bed 1 bath units with addition of a coin operated laundry room in each building. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo for the larger units. Metairie is a highly desirable market for both renters and investors alike. Multifamily properties in Metairie generally experience lower turnover and rent extremely quick and 2205/2221 N Hullen is no exception. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Property amenities include a well-kept swimming pool, laundry room in each building, washer & dryer hookups in several units, and ample parking for tenants. New roof as of 2022. In sum, 2205 & 2221 N. Hullen Street represents an extraordinary value-add investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.
Exterior Features

Construction Materials Vinyl Siding Foundation Details Slab Lot Features City LotRectangular Lot Lot Size Dimensions 35148 Parking Features Off StreetParking Lot Pool Features CommunityIn Ground Roof FlatShingle

Interior Features

Cooling Central Air Heating Central Heating YN Yes Laundry Features Common Area

Property Features

Architectural Style Other Community Features Pool Cooling YN Yes Home Warranty YN No Levels Three Or More Listing Terms Bond For DeedOwner May Carry Property Condition Very Good Condition Property Sub Type Apartment Restrictions Sewer Public Sewer Special Listing Conditions None Tenant Pays ElectricityGasWater Watersource Public

Gulf South Real Estate Information Network Listing courtesy of Gulf South Real Estate Information Network.
Listing provided courtesy of Bryce Danna-Marullo of Bridgewater Realty Advisors, LLC: (504) 298-8631.



Broker and Associates are licensed in the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA.

Terms & Conditions
© 2024 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keaty Real Estate, LLC. Data last updated: 2024-05-26T20:34:51.4.
 
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Keaty Real Estate, LLC
350 Doucet Road, Suite B
Lafayette LA, 70503