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GreyStone Manor Apartments 2509 Houma Blvd 12 Unit Apartment Building $1,295,000 ($107,917/Unit) 12.66% Cap Rate Metairie, LA 70001
Executive Summary
Fully leased and recently renovated multi-family apartment building for sale.
Property Facts
| Price | $1,295,000 | Apartment Style | Low-Rise |
| Price Per Unit | $107,917 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 12.66% | Building Size | 17,274 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.62/1,000 SF |
| Zoning | R3 | ||
| Price | $1,295,000 |
| Price Per Unit | $107,917 |
| Sale Type | Investment |
| Cap Rate | 12.66% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 17,274 SF |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Washer/Dryer
- Security System
- Ceiling Fans
- Refrigerator
Site Amenities
- Laundry Facilities
- Pool
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 12 | - | 1,050 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0820014370 | Improvements Assessment | $97,320 |
| Land Assessment | $22,880 | Total Assessment | $120,200 |
Property Taxes
Parcel Number
0820014370
Land Assessment
$22,880
Improvements Assessment
$97,320
Total Assessment
$120,200
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GreyStone Manor Apartments | 2509 Houma Blvd
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