šŸ  1500 MADISON Street, Gretna, LA, 70053 MLS Sale Listing

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$495,000
47 Days On Site

1500 MADISON Street
Gretna, LA 70053

For Sale|Apartment|Active Under Contract
12
Beds
7.5
Total Baths
7
Full Baths
1
Partial Bath
5,032
SqFt
$98
/SqFt
1970
Built
County:
Jefferson
Call Now: (504) 517-6533
Is this the listing for you? We can help make it yours.
(504) 517-6533
1500 MADISON Street1500 MADISON Street1500 MADISON Street1500 MADISON Street
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Monthly Payment (Est.)

$2,258
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Great opportunity to own a 7-unit multifamily property in Gretna with plenty of upside for investors. This one-story cinder block building includes four 2-bedroom, 1-bath units, one 2-bedroom, 1.5-bath unit, and two 1-bedroom, 1-bath units. All units feature durable tile flooring throughout for easy maintenance. Currently, 4 of the 7 units are occupied, providing immediate rental income, while the 3 vacant units offer the chance to increase cash flow by leasing them at market rates. The owner pays the water bill for the property and includes electricity in the rent for two of the units. Whether you're looking to expand your portfolio or add a value-add property with strong income potential, this is an investment worth a closer look.

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Listing Snapshot
PriceĀ 
$495,000
Days On SiteĀ 
47 Days
BedroomsĀ 
12
Inside Area (SqFt)Ā 
5,032 sqft
Total BathsĀ 
7.5
Full BathsĀ 
7
Partial BathsĀ 
1
Lot SizeĀ 
0.2273 Acres
Year BuiltĀ 
1970
MLSĀ® NumberĀ 
2568930
StatusĀ 
Active Under Contract
Property TaxĀ 
N/A
HOA/Condo/Coop FeesĀ 
N/A
Sq Ft SourceĀ 
N/A
Friends & Family
Recent Activity
2 months agoListing first seen on site
2 months agoListing updated with changes from the MLSĀ®
General Features
AcresĀ 
0.2273
Cross StreetĀ 
Cook & Franklin
FoundationĀ 
Slab
LevelsĀ 
One
ParkingĀ 
Off Street
Property Sub TypeĀ 
Apartment
SewerĀ 
Public Sewer
StyleĀ 
Other
Water SourceĀ 
Public
Interior Features
CoolingĀ 
Window Unit(s)
HeatingĀ 
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Exterior Features
Construction DetailsĀ 
Block
Lot FeaturesĀ 
City LotRectangular Lot
Pool FeaturesĀ 
None
RoofĀ 
Shingle
Listing courtesy of Compass Westbank

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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