2205 N HULLEN Street $3,750,000

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    2205 N HULLEN Street Metairie, LA 70001

    • 60 Beds
    • 54 Baths
    • 31,652 sq. ft.
    • Multi-Family
    • MLS# 2441947
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    Views: 58 Days On Site: 188

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    Property Details

    PRICE REDUCTION! Introducing 2205 & 2221 N. Hullen Street, a 36-unit multifamily property (two 18-unit buildings) located in Metairie, LA. This well maintained complex consists of a mix of 2 bed 1 bath units, 2 bed 1.5 bath units and 1 bed 1 bath units with addition of a coin operated laundry room in each building. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo for the larger units. Metairie is a highly desirable market for both renters and investors alike. Multifamily properties in Metairie generally experience lower turnover and rent extremely quick and 2205/2221 N Hullen is no exception. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Property amenities include a well-kept swimming pool, laundry room in each building, washer & dryer hookups in several units, and ample parking for tenants. New roof as of 2022. In sum, 2205 & 2221 N. Hullen Street represents an extraordinary value-add investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.

    • General Features
      • Pool Features In Ground
      • Year Built 1987
    • Building Features
      • Room sTotal 0
      • Roof Flat, Shingle
      • Number Of Units Total 0
      • Heating Y/N 1
      • Foundation Details Slab
      • Cooling Y/N 1
    • Property Features
      • Sewer Public Sewer
      • Parking Features Off Street
      • Lot Size Dimensions 35148
      • LotSizeArea 0
      • Lot Size Acres 0

    Contact

    Colette Tucker-Burns

    Colette Tucker-Burns

    Associate

    RE/MAX Professional

    Baton Rouge, LA

    Mobile Phone: 225-715-9478

    Neighborhood

    Neighborhood Details available exclusively for My Property Finder members

    Market Last 30 Days In This Postal Code

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    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $3,750,000
    8/26/2024 11:08:27 AM Status Changed Source: Multiple Listing Service New Value: Active
    8/21/2024 10:07:46 AM Status Changed Source: Multiple Listing Service New Value: Active Under Contract
    8/6/2024 10:23:26 AM Status Changed Source: Multiple Listing Service New Value: Active
    7/31/2024 6:53:47 PM Status Changed Source: Multiple Listing Service New Value: Active Under Contract
    5/16/2024 4:54:02 PM Price Reduced Source: Multiple Listing Service New Value: $3,750,000 -6.25%
    4/3/2024 5:40:00 PM New in Database Source: Multiple Listing Service New Value: $4,000,000

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    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.