šŸ  8019 TRAPIER Avenue, New Orleans, LA, 70127 MLS Sale Listing

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$2,800,000
14 Days On Site

8019 TRAPIER Avenue
New Orleans, LA 70127

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
62,685
SqFt
$45
/SqFt
1981
Built
County:
Orleans
Call Now: (504) 517-6533
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(504) 517-6533
8019 TRAPIER Avenue8019 TRAPIER Avenue8019 TRAPIER Avenue8019 TRAPIER Avenue
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Monthly Payment (Est.)

$12,775
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Situated 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.

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Listing Snapshot
PriceĀ 
$2,800,000
Days On SiteĀ 
14 Days
BedroomsĀ 
N/A
Inside Area (SqFt)Ā 
62,685 sqft
Total BathsĀ 
N/A
Full BathsĀ 
N/A
Partial BathsĀ 
N/A
Lot SizeĀ 
1.75 Acres
Year BuiltĀ 
1981
MLSĀ® NumberĀ 
2542902
StatusĀ 
Active
Property TaxĀ 
N/A
HOA/Condo/Coop FeesĀ 
N/A
Sq Ft SourceĀ 
Assessor
Friends & Family
Recent Activity
2 weeks agoListing first seen on site
2 weeks agoListing updated with changes from the MLSĀ®
General Features
AcresĀ 
1.75
Cross StreetĀ 
Hayne, Dinkins
LevelsĀ 
Three Or More
ParkingĀ 
Parking Lot
SewerĀ 
Public Sewer
SqFt TotalĀ 
62685
Water SourceĀ 
Public
ZoningĀ 
Sb-2
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Exterior Features
Lot FeaturesĀ 
City Lot
Listing courtesy of Bridgewater Realty Advisors, LLC

Copyright Ā© 2017-present, New Orleans Metropolitan Association of REALTORSĀ®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.

Neighborhood & Commute
Source: Walkscore
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