LA > Metairie
Metairie, LA 70001,130 LABARRE DR
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Metairie, LA 70001,130 LABARRE DR
Metairie, LA 70001,130 LABARRE DR
Metairie, LA 70001,130 LABARRE DR
Metairie, LA 70001,130 LABARRE DR
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Pennant Real Estate

Pennant Real Estate

+1(225) 663-2112
$ 999,500
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Active Under Contract

130 LABARRE DR Metairie, LA 70001

13 Beds

9 Baths

6,371 SqFt

UPDATED:

02/03/2025 03:31 PM

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

Construction Status Very Good Condition

HOA Y/N No

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

Fireplace No

Exterior

Parking Features Off Street

Pool None

Water Access Desc Public

Roof Type Shingle

Building

Lot Description City Lot, Rectangular Lot

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

Construction Status Very Good Condition

Others

Tax ID 0820036329

Security Features Closed Circuit Camera(s)

Special Listing Condition None

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by RE/MAX Affiliates
agent

Pennant Real Estate

Broker

+1(225) 663-2112

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