$2,800,000

Apartment In New Orleans

  • 2 Beds
  • 1 Baths
  • 62,685 Sqft
  • 1.75 Ac lot
  • Updated: May 18
  • 1
    Views for last 30 days
  • Source:
    Gulf South Real Estate Information Network (GSREIN)  MLS#2558562

About the Property

*Seller open to Bond for Deed with 25% down, terms negotiable*
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 Trapi
*Seller open to Bond for Deed with 25% down, terms negotiable*
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 repairing) and currently in the midst lease-up, the occupancy went from 48% to 74% in a matter of months.
  • Property type

    Apartment

  • Floors

    2

  • Year built

    1981

  • Price/sqft

    $44

Features

Explore the Area

8019 TRAPIER Avenue, New Orleans, Louisiana, United States View on Google Maps
Price per sqft
Low
High

View 675 more listings in New Orleans

Bridgewater Realty Advisors, LLC - Metairie

Joined 8 months ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

Bridgewater Realty Advisors, LLC - Metairie
Louisiana, United States
View agency profile
30
Listings
2025
Joined

Book home tour with the agent

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
Bridgewater Realty Advisors, LLC - Metairie
Metairie, Louisiana, United States
View agency profile
Last updated
May 18
First listed
May 18
Listing reference
2558562
Listing status
Call

Start phone call with:

Hello, I’m calling for the property with the reference 2558562, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.

brokerages we
partnered with