130 LABARRE DR Save Request In-Person Tour Request Virtual Tour
Metairie,LA 70001
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 6,371 sqft
Price per Sqft $156
MLS Listing ID 2484769
Style Traditional
Bedrooms 13
Full Baths 9
Year Built 1975
Property Sub-Type Apartment
Property Description
Location, Location, Location! Discover a rare opportunity to own an 8-plex in the highly sought-after area of Old Metairie. Significant updates include a new roof installed in 2021, the replacement of underground plumbing, and new windows added in 2020. All units are separately metered for water and electricity, with tenants responsible for all utilities. This arrangement reduces overall costs and dramatically enhances the value of the asset. All units are rented below market value, allowing you to adjust rents and increase your overall return on investment. The seller is currently in the process of increasing rents for all units. This low-maintenance, low-turnover property is an excellent long-term asset for any investor's portfolio and a prime candidate for a condo conversion. Situated just a short walk from local attractions, dining, shopping, and entertainment, you can enjoy the benefits of city living while nestled in a neighborhood that balances activity with tranquility. A short walk from local attractions, dining, shopping, and entertainment options, you can enjoy the benefits of Old Metairie living while being nestled in a neighborhood that provides both activity and tranquility. With a designated lot for parking, residents will appreciate the ample parking space available.
Location
State LA
County Jefferson
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Off Street
Pool None
Roof Type Shingle
Building
Lot Description City Lot,Rectangular Lot
Foundation Slab
Sewer Public Sewer
Water Public
Others
Special Listing Condition None