LA > Metairie
Metairie, LA 70006,3106-10 INDEPENDENCE ST
Metairie, LA 70006,3106-10 INDEPENDENCE ST
Metairie, LA 70006,3106-10 INDEPENDENCE ST
Metairie, LA 70006,3106-10 INDEPENDENCE ST
Metairie, LA 70006,3106-10 INDEPENDENCE ST
Metairie, LA 70006,3106-10 INDEPENDENCE ST
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$1,050,000

$1,050,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

20 Beds

16 Baths

7,880 SqFt

SOLD DATE : 03/22/2024

Key Details

Sold Price $1,050,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 7,880 sqft

Price per Sqft $133

MLS Listing ID 2421110

Sold Date 03/22/24

Style Other

Bedrooms 20

Full Baths 16

Construction Status Very Good Condition,Resale

HOA Y/N No

Year Built 1972

Property Sub-Type Apartment

Property Description

New price for 3106-10 Independence Street, a value add multi-family property located in Metairie, LA. This property consists of 12 total units with 4 three bedrooms two bathrooms and 8 studios. 10/12 occupied with actual gross monthly income of $9050.

Metairie is a highly desirable market for both renters and investors alike. Multifamily properties in Metairie generally experience lower turnover and rent out extremely quick and 3106-10 Independence Street 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. Some differed maintenance items will allow the new owner to capitalize on top market rates, projecting to add $1,800 in gross monthly rent.

Additionally, the new renovations nearby at Clearview Mall corridor including new multifamily units should continue to increase the value in the surrounding area.

For added convenience, ample off-street parking is available in the rear of the building, eliminating the hassle of finding a parking spot and enhancing the overall living experience. In sum, 3106-10 Independence Street represents an extraordinary investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.

Location

State LA

County Jefferson

Interior

Heating Ductless, Wall Furnace

Cooling Ductless, Wall Unit(s)

Fireplace No

Laundry Washer Hookup

Exterior

Parking Features Off Street, Parking Lot

Pool None

Water Access Desc Public

Roof Type Flat

Building

Lot Description City Lot, Rectangular Lot

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories Two

New Construction No

Construction Status Very Good Condition,Resale

Others

Special Listing Condition None

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Mark Hingle

Mark Hingle

+1(504) 982-5237

Our team is ready to help you sell your home for the highest possible price ASAP

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by Bridgewater Realty Advisors, LLC
Bought with LPT Realty, LLC.
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