Recently Renovated 4-Plex Near Ochsner Medical Complex – Clearview

Presenting a prime multifamily investment opportunity in the developing Houma Blvd. Medical Corridor. The property comprises four 2-bed, 1-bath units. The building is approx. 3,900 sq. ft., with central HVAC and a recently refurbished tar roof. This property has excellent income potential.

The property is currently occupied and generates $4,500/month however it is under-rented. A recent Abbott Price market analysis shows rents support up to $6,000 a month.

The area offers numerous potential tenants, including the faculty and staff of Haynes Academy for Advanced Studies, as well as the large administrations of nearby East Jefferson General Hospital and Ochsner Medical Complex – Clearview.

Property Overview:

• Recently renovated 4-plex in a safe, desirable Metairie neighborhood.
• Each unit features 2 bedrooms and 1 bathroom.
• Current rent roll is $4,500/m but an AP analysis supports $6,000/m
• Spacious, with approximately 3,900 square feet
• Central HVAC
• Quality tar roof with a special coating applied just 3 years ago
• Units are separately metered for electricity
• Washer and dryer hookups in each unit
• Centrally located

Area Highlights:

• Near Clearview Mall for shopping and entertainment
• Easy access to I-10, just 10 minutes to MSY and the CBD
• Abundance of dining options along Veterans Blvd
• Conveniently located near East Jefferson Hospital, Ochsner Medical Complex and Starbucks