929 W MONTEREY CT, Gretna, LA 70056
929 W MONTEREY CT, Gretna, LA 70056
929 W MONTEREY CT, Gretna, LA 70056
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Mark Hingle

Mark Hingle

+1(504) 982-5237
$399,000
Est. payment /mo
12 Beds
8 Baths
5,100 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,100 sqft

Price per Sqft $78

MLS Listing ID 2571151

Style Contemporary

Bedrooms 12

Full Baths 8

Construction Status Very Good Condition

HOA Y/N No

Year Built 1980

Property Sub-Type Quadruplex

Property Description

100% occupied 4 plex! Large 3 bed 2 bath units. 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.

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 & 917; see MLS#2571149 or MLS#2571199

Location

State LA

County Jefferson

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Assigned, Off Street, One Space

Water Access Desc Public

Roof Type Shingle

Building

Lot Description City Lot, Rectangular Lot

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Two

Construction Status Very Good Condition

Others

Tax ID 0200001314

Special Listing Condition None

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Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by Bridgewater Realty Advisors, LLC
Mark Hingle

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+1(504) 982-5237

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929 W MONTEREY CT

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