5
See all 5 photos
$495,000
Est. payment /mo
7 Beds
4 Baths
9,583.2 Acres Lot
Active
1500 Madison Street Gretna, LA 70053
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID NO2568930
Bedrooms 7
Full Baths 4
Lot Size 9583.200 Acres
Acres 0.22
Property Description
Great opportunity to own a 7-unit multifamily property in Gretna with plenty of upside for investors. This one-story cinder block building includes four 2-bedroom, 1-bath units, one 2-bedroom, 1.5-bath unit, and two 1-bedroom, 1-bath units. All units feature durable tile flooring throughout for easy maintenance. Currently, 4 of the 7 units are occupied, providing immediate rental income, while the 3 vacant units offer the chance to increase cash flow by leasing them at market rates. The owner pays the water bill for the property and includes electricity in the rent for two of the units. Whether you're looking to expand your portfolio or add a value-add property with strong income potential, this is an investment worth a closer look.
Location
State LA
Interior
Heating Other
Cooling Window Unit(s)
Exterior
Roof Type Composition
Building
Foundation Slab
Level or Stories 1
Others
Tax ID 0100003943
Acceptable Financing Lease Purchase, Owner Will Carry
Listing Terms Lease Purchase, Owner Will Carry
Listed by Compass Westbank
Nearby Locations
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