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Westbank Residential 98 Unit Apartment Building $8,490,000 ($86,633/Unit) Gretna, LA 70053



Investment Highlights
- 98 units (plus 1 metal frame maintenance bldg.)
- Priced well below replacement cost
Executive Summary
Introducing the Westbank Residential Portfolio, a prime investment opportunity to acquire a mix of residential income producing properties consisting primarily of single family residences, duplexes, and three multi-plexes located in Gretna, Harvey and Belle Chasse, LA. This expansive portfolio of approximately 98 individual rental units (plus 1 maintenance bldg.) have been meticulously maintained and managed offering an exceptional investment potential for multifamily investors. With very little capex required and an enviable 80% Plus occupancy rate, this property presents a compelling prospect for those seeking to expand their real estate portfolio in the stable New Orleans MSA area. Don't miss the chance to capitalize on this sleeper investment opportunity. Trailing three (3) years rent revenue have been equal to approximately $1.314M. Detailed Financial Information Disclosures can be made available to qualified parties who execute a Confidentiality Non-Disclosure Agreement.
Property Facts
| Price | $8,490,000 | Apartment Style | Garden |
| Price Per Unit | $86,633 | Building Class | B |
| Sale Type | Investment | Building Size | 86,000 SF |
| No. Units | 98 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1980 |
| Price | $8,490,000 |
| Price Per Unit | $86,633 |
| Sale Type | Investment |
| No. Units | 98 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Building Size | 86,000 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1980 |
1 1
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 0100001556 | Improvements Assessment | $0 |
| Land Assessment | $4,880 | Total Assessment | $4,880 |
Property Taxes
Parcel Number
0100001556
Land Assessment
$4,880
Improvements Assessment
$0
Total Assessment
$4,880
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Westbank Residential
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