$495,000

Apartment In Gretna

  • 12 Beds
  • 8 Baths
  • 5,032 Sqft
  • 9,902 Sqft lot
  • Updated: July 29
  • Source:
    Gulf South Real Estate Information Network (GSREIN)  MLS#2568930

About the Property

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
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.
  • Property type

    Apartment

  • Floors

    1

  • Year built

    1970

  • Price/sqft

    $98

Features

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1500 MADISON Street, Gretna, Louisiana, United States View on Google Maps
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Compass Westbank - New Orleans

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Compass Westbank - New Orleans
Louisiana, United States
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17
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2026
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Compass Westbank - New Orleans
New Orleans, Louisiana, United States
View agency profile
Last updated
July 29
First listed
Jul 29
Listing reference
2568930
Listing status
Active under contract
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