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$ 2,610,000
Est. payment | /mo
34,100 SqFt
$ 2,610,000
Est. payment | /mo
34,100 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 34,100 sqft
Price per Sqft $76
MLS Listing ID 2542899
HOA Y/N No
Year Built 1980
Lot Size 1.460 Acres
Acres 1.46
Property Description
Price reduction! $32,070 Per month in actual gross income! Lakeland Manor is a portfolio of eight (8) adjacent fourplex apartment buildings totaling 31 units, ideally located in a quiet cul-de-sac off Bullard Avenue in New Orleans East all situated within immediate proximity, creating a cohesive and easily managed community. An additional 4plex located at 8017 Bullard next door is also for sale for total of 35 units.
Each building is a well-maintained two-story fourplex offering spacious floorplans and consistent rental demand. The layout of the portfolio, clustered around Lakeland Court with frontage on Bullard Avenue, provides operational efficiency for leasing, management, and maintenance. All buildings benefit from strong physical condition and stabilized occupancy with upside potential through rent growth.
This portfolio offers a turnkey investment in a stable, income-producing multifamily asset ideally suited for both seasoned multifamily investors seeking a reliable return profile and investors looking to scale quickly in a proven submarket.
Each building is a well-maintained two-story fourplex offering spacious floorplans and consistent rental demand. The layout of the portfolio, clustered around Lakeland Court with frontage on Bullard Avenue, provides operational efficiency for leasing, management, and maintenance. All buildings benefit from strong physical condition and stabilized occupancy with upside potential through rent growth.
This portfolio offers a turnkey investment in a stable, income-producing multifamily asset ideally suited for both seasoned multifamily investors seeking a reliable return profile and investors looking to scale quickly in a proven submarket.
Location
State LA
County Orleans
Zoning S-B1
Interior
Fireplace No
Exterior
Parking Features Driveway, Off Street, Parking Lot
Water Access Desc Public
Building
Lot Description 1 to 5 Acres, Cul-De-Sac, City Lot
Dwelling Type Mixed Use,Other
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID per assessor
Special Listing Condition None
Nearby Locations
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