Off~ Market | Multi~ family | Metairie, LA | 100 Units

We are pleased to present an exclusive off-market opportunity for a 100-unit apartment complex located in Metairie, Louisiana, which has been under our management for the past 20 years. This property boasts a remarkable occupancy rate of 100%, generating a substantial gross income of $110,000 per month, with considerable potential for increased revenue. The asking price for this investment is $11.95 million. It is important to highlight that the current rental rates are approximately 30% below the prevailing market rates, indicating a significant opportunity for rent adjustments that could enhance overall profitability.

Please email me for the rent roll and T-12. You can reach me at [email protected]

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