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3005 LAKE VILLA DR, Metairie, LA 70002
3005 LAKE VILLA DR, Metairie, LA 70002
3005 LAKE VILLA DR, Metairie, LA 70002
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Kat Bosio

Kat Bosio

+1(504) 756-2088
$699,000
Est. payment /mo
11 Beds
6 Baths
4,580 SqFt
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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,580 sqft

Price per Sqft $152

Subdivision Lake Villas

MLS Listing ID 2554628

Style Traditional

Bedrooms 11

Full Baths 6

Construction Status Very Good Condition

HOA Y/N No

Year Built 1975

Lot Size 6,751 Sqft

Acres 0.155

Property Sub-Type Apartment

Property Description

INVESTMENT OPPORTUNITY IN METAIRIE! Great 6 plex that is fully rented with long term tenants at a wonderful location of Metairie. Six units consisting of five -2 bedroom, 1 bath and one- 1 bedroom/ 1 bath unit. The 1 bedroom is currently the manager's unit. Currently under rented at $6125 month, plus coin operated laundry income. Rent Proforma $7400. month. Tenants pay electric, owner pays water. Coin operated washers and dryers on site, current income $350. monthly. Laundry located rear of building in common area. Each unit has an assigned parking lane which holds 2 cars each. All underground plumbing has been replaced a few years back. Easy access to interstate, Veterans Hwy, bus stops, restaurants, groceries, etc... Flood Insurance $1689. 1 1/2 blocks from Raising Cane's Chicken and MOOYAH Burgers on Veterans, Fantastic location!! Buyer and Buyer's agent to do their own due diligence on Flood zone, etc..

Gross rental income: $6125 per month/ $73,500 annually ($77,100 yr w/ coin operated laundry) 7.76% cap rate.
Pro forma rental income: $7,400 per mo rent plus laundry $7700 mo/ $92,400 annually/ 9.95% pro forma cap rate.

Location

State LA

County Jefferson

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned, Off Street, Parking Lot

Pool None

Water Access Desc Public

Roof Type Asphalt,Shingle

Accessibility Accessibility Features

Building

Lot Description City Lot, Oversized 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 0820030953

Special Listing Condition None

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Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by Keller Williams Realty New Orleans

Schools Near

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Kat Bosio

Kat Bosio

+1(504) 756-2088

Rêve | Realtor License ID: 995683595-ACT

Rêve | Realtor License ID: 995683595-ACT

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3005 LAKE VILLA DR

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