Stephanie Bilbe Burkett
REALTOR®
BEDS0
BATHS65 full
SQUARE FEET62,685
MLS#2517176
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Situated in the heart of the New Orleans East neighborhood, this 65-unit apartment complex offers a prime workforce and affordable housing investment opportunity with value-add potential by leasing last remaining vacant/rent ready units and repairing 3 down units. The portfolio consists of two well-positioned properties: 8019 Trapier, encompassing 48 units, and 9500 Hayne, comprising 17 units. The buildings can be purchased together or separately as a 48 and 17 unit complex. Will produce over $60,000 per month in gross rental income once fully leased and stabilized. Owners have completed all outstanding repairs since original list date (except for 3 down units they are not repaidring) and currently in the midst lease-up, the occupancy went from 48% to 74% in a matter of months.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Home Style: Apartment, Traditional
Lot Size: 1.75 Acres
Roof Type: Flat, Shingle
Stories: 3.0
Amenities
Balcony
Feature Descriptions
Days on Site: 211
Lot: 1 to 5 Acres, City Lot
Lot Dimensions: 79550
Parking: Parking Lot
Patio/Porch: Balcony
Property Condition: Average Condition
Sewer: Public Sewer
Water: Public
Listed By / Shown By
Listed By
Agency Name: Bridgewater Realty Advisors, LLC
Agency Phone: (504) 901-0463
Shown By
Agent Name: Stephanie Bilbe Burkett
Agent Phone: (504) 975-4160
Agency Title: Wurth Real Estate Services
Estimate Your Payment
Estimated Payment
$ 7,048.25 per month $6,231.59 Principal & Interest $0.00 Property Tax (data not provided by mls) $816.67 Homeowner's InsuranceChange Payment Information
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8019 Trapier Avenue | MLS# 2517176
This multi-family property located at 8019 Trapier Avenue, New Orleans, LA 70127 is currently listed for sale with an asking price of $2,800,000. Search New Orleans real estate on sburkett.wurthre.com today.