šŸ  913 29 W MONTEREY Court, Gretna, LA, 70056 MLS Sale Listing

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$1,130,000
40 Days On Site

913 29 W MONTEREY Court
Gretna, LA 70056

For Sale|Quadruplex|Active
6
Beds
4
Total Baths
4
Full Baths
850
SqFt
$1,329
/SqFt
1980
Built
County:
Jefferson
Call Now: (504) 517-6533
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(504) 517-6533
913 29 W MONTEREY Court913 29 W MONTEREY Court913 29 W MONTEREY Court913 29 W MONTEREY Court
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Monthly Payment (Est.)

$5,156
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Three detached four-plex buildings totaling 12 units at 913, 917 and 929 West Monterey Court boast strong in-place cash flow and operational stability. In place cap rate of 9.04%, rental income of $15,445/month (once last unit leases are signed up). The property consists of 12 units, 9 occupied and 3 vacant, with two vacancies at 913 and two at 917 carried below at market rent, presenting a clear lease-up opportunity for a new owner. Additional revenue can be made from on-site laundry. Renovated in 2024, the property features updated electrical, plumbing, roofing, and window systems, contributing to reduced maintenance and long-term durability. Each unit is individually metered for electricity, enhancing expense control and operational efficiency. The gross building area is appoximately 16,538 sf with 16 off-street parking spaces, and also located in a favorable Flood Zone X where flood insurance is typically not required. A purchaser has the ability to purchase a stabilized asset and continue to raise rents to meet the market, improving the cap rate to 10% plus. Each 4 plex can be purchased separately or can be purchased as a package deal. Buildings are occupied, so please allow at least 24 hours to view the occupied units.

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Listing Snapshot
PriceĀ 
$1,130,000
Days On SiteĀ 
40 Days
BedroomsĀ 
6
Inside Area (SqFt)Ā 
850 sqft
Total BathsĀ 
4
Full BathsĀ 
4
Partial BathsĀ 
N/A
Lot SizeĀ 
0.3106 Acres
Year BuiltĀ 
1980
MLSĀ® NumberĀ 
2571072
StatusĀ 
Active
Property TaxĀ 
N/A
HOA/Condo/Coop FeesĀ 
N/A
Sq Ft SourceĀ 
N/A
Friends & Family
Recent Activity
3 weeks agoPrice changed to $1,130,000
3 weeks agoListing updated with changes from the MLSĀ®
a month agoStatus changed to Active
a month agoListing first seen on site
General Features
AcresĀ 
0.3106
Cross StreetĀ 
N Monterey Ct, Behrman Hwy
FoundationĀ 
Slab
LevelsĀ 
Two
ParkingĀ 
AssignedOff Street
Parking SpacesĀ 
1
Property Sub TypeĀ 
Quadruplex
SewerĀ 
Public Sewer
StyleĀ 
Contemporary
Water SourceĀ 
Public
Interior Features
CoolingĀ 
Central Air
HeatingĀ 
Central
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Exterior Features
Construction DetailsĀ 
Frame
Lot FeaturesĀ 
Rectangular Lot
RoofĀ 
Shingle
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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