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Metairie Retail/Multi-Family Property

Listing was updated on: 12/10/2019
Metairie Retail/Multi-Family Property Metairie Retail/Multi-Family Property Metairie Retail/Multi-Family Property Metairie Retail/Multi-Family Property Metairie Retail/Multi-Family Property Metairie Retail/Multi-Family Property Metairie Retail/Multi-Family Property Metairie Retail/Multi-Family Property Metairie Retail/Multi-Family Property Metairie Retail/Multi-Family Property

Property Overview

Price/Rent PSF $ 749,500.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 4,500
Date Available 12/10/2019
Additional URL Link
Parking 18
Floors 2
Additional parameters Show
Search Demographic Data Explore financing options
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Description

Location
Standalone corner property located in Metairie - one block from Severn Way.

Sale
Owner-financing terms available on this retail/multifamily property in Metairie. Includes long-term grocery tenant in the 2250 SF first floor space and four 550-SF apartments on the second floor. Gross annual income of $67,500 with net income of $60,000. See attachment for terms of owner financing - 4.5% at 20-year amortization with 20% down. Apartments consist of (2) 1 bedroom and (2) 2 bedroom. Potential for increased rents. Tenants have been in place for several years.

Location

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