Historical Multifamily Sale Listing - Chateau Lane Apartments

Multifamily For Sale

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Chateau Lane Apartments

6000 Chef Menteur, New Orleans, LA 70126

N/A

100 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
100
Building Size:
75,000 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
9.47%
Occupancy:
57%
Lot Size:
2.50 AC
Listing ID
16793353
Last Updated
over 1 year ago

Description

Assumable Loan available.

This property is 100-unit gated apartment community. The property consists of three (3) two-story buildings, wood-framed on a concrete slab. There are 50 one-bedroom apartments, 35 two-bedrooms apartments, and 15 three-bedroom apartments. All units are furnished with refrigerator, stove, and central air and heat. Total square footage is 75,000.

Major renovations made in 2008 including air conditioning condensers, stoves and refrigerators, floors and cabinetry. Also performed in 2008 were extensive updates to sewerage and drainage systems.

Ten minute drive to downtown New Orleans and the French Quarter and 30 minutes to Northshore communities. Easy access to Interstate-10. Centrally located in vicinity of all major services and on bus line.

Map of 6000 Chef Menteur, New Orleans, LA 70126 (Orleans County)

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Created 8/10/2010