LA > Metairie
Metairie, LA 70001,2205 N HULLEN ST
Metairie, LA 70001,2205 N HULLEN ST
Metairie, LA 70001,2205 N HULLEN ST
22
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$3,250,000
Est. payment /mo
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60 Beds
45 Baths
31,652 SqFt
Active

2205 N HULLEN ST Metairie, LA 70001

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ZMD Realty

ZMD Realty

+1(985) 288-4363

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 31,652 sqft

Price per Sqft $102

MLS Listing ID 2441947

Style Other

Bedrooms 60

Full Baths 36

Half Baths 18

Construction Status Very Good Condition

HOA Y/N No

Year Built 1987

Property Sub-Type Apartment

Property Description

$500K PRICE REDUCTION! Introducing 2205 & 2221 N. Hullen Street, a 36-unit multifamily property (two 18-unit buildings) located in Metairie, LA. This well maintained complex consists of a mix of 2 bed 1 bath units, 2 bed 1.5 bath units and 1 bed 1 bath units with addition of a coin operated laundry room in each building. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo for the larger units. Metairie is a highly desirable market for both renters and investors alike. Multifamily properties in Metairie generally experience lower turnover and rent extremely quick and 2205/2221 N Hullen is no exception. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Property amenities include a well-kept swimming pool, laundry room in each building, washer & dryer hookups in several units, and ample parking for tenants. New roof as of 2022. In sum, 2205 & 2221 N. Hullen Street represents an extraordinary value-add investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.

Location

State LA

County Jefferson

Community Pool

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Parking Features Off Street, Parking Lot

Pool Community, In Ground

Community Features Pool

Water Access Desc Public

Roof Type Flat,Shingle

Building

Lot Description City Lot, Rectangular Lot

Entry Level Three Or More

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories Three Or More

Construction Status Very Good Condition

Others

Special Listing Condition None

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by Bridgewater Realty Advisors, LLC

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ZMD Realty

ZMD Realty | License ID: 0995696324

+1(985) 288-4363

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2205 N HULLEN ST

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