š 8019 TRAPIER Avenue, New Orleans, LA, 70127 MLS Sale Listing
8019 TRAPIER AvenueNew Orleans, LA 70127




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$12,775Situated in the heart of the New Orleans East neighborhood, this 65-unit apartment complex offers a prime workforce and affordable housing investment opportunity with value-add potential by leasing last remaining vacant/rent ready units and repairing 3 down units. The portfolio consists of two well-positioned properties: 8019 Trapier, encompassing 48 units, and 9500 Hayne, comprising 17 units. The buildings can be purchased together or separately as a 48 and 17 unit complex. Will produce over $60,000 per month in gross rental income once fully leased and stabilized. Owners have completed all outstanding repairs since original list date (except for 3 down units they are not repaidring) and currently in the midst lease-up, the occupancy went from 48% to 74% in a matter of months.
| 6 months ago | Listing first seen on site | |
| 6 months ago | Listing updated with changes from the MLSĀ® |
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