$799,000

Duplex In Metairie

  • 17 Beds
  • 8 Baths
  • 7,500 Sqft
  • Updated: July 15
  • Source:
    Gulf South Real Estate Information Network (GSREIN)  MLS#2564103

About the Property

Rare opportunity to acquire a seven-unit multifamily investment portfolio in the heart of Metairie! Offered as a package sale, this unique assemblage includes 5811-5813 Kevin Drive, 5815 Kevin Drive (Units A, B & C), and 5817 & 5817.5 Kevin Drive. Situated on an approximately 150’ x 150’ site, this portfolio offers a combination of current cash flow and significant value-add potential.
Rare opportunity to acquire a seven-unit multifamily investment portfolio in the heart of Metairie! Offered as a package sale, this unique assemblage includes 5811-5813 Kevin Drive, 5815 Kevin Drive (Units A, B & C), and 5817 & 5817.5 Kevin Drive. Situated on an approximately 150’ x 150’ site, this portfolio offers a combination of current cash flow and significant value-add potential.

5811 Kevin Drive was completely renovated following Hurricane Ida and features a 2-bedroom, 1-bathroom floorplan with private laundry. 5813 Kevin Drive offers a 3-bedroom, 1-bathroom layout and also features private laundry. 5817 Kevin Drive and 5817.5 Kevin Drive collectively offer 6 bedrooms and 3 bathrooms, with each unit featuring its own dedicated laundry area.

The triplex located at 5815 Kevin Drive is currently undergoing extensive renovations by the seller, including a new roof, new HVAC systems, updated electrical wiring, new windows, and numerous additional improvements. Upon completion, the property will provide a tremendous opportunity for increased rental income and long-term appreciation. Additional features include garage/storage space and a common laundry area serving the units at 5815 Kevin.

With existing income in place and substantial upside through the completion and stabilization of 5815 Kevin Drive, this portfolio is well-positioned for both seasoned and first-time investors. Conveniently located near shopping, dining, schools, and major thoroughfares. Properties to be sold as a package. Buyer to independently verify all measurements, income, expenses, occupancy, and property information.
  • Property type

    House

  • Floors

    2

  • Year built

    1950

  • Price/sqft

    $106

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5811 17 KEVIN Drive, Metairie, Louisiana, United States View on Google Maps
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The Agency of M. Grass Group, LLC - Metairie

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The Agency of M. Grass Group, LLC - Metairie
Louisiana, United States
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4
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2026
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The Agency of M. Grass Group, LLC - Metairie
Metairie, Louisiana, United States
View agency profile
Last updated
July 15
First listed
Jul 15
Listing reference
2564103
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