Multi-Family•Low-Rise/Garden•For Sale

Metairie Retail Multi-Family Property

1002 N Arnoult Rd, Metairie, Louisiana 70001

Sale Price $749,500
Sale Type Investment
Zoning R2
Bldg Type Multi-Tenant
Status Existing
Year Built 1950
Stories 2
Vacancy 100%
Gross Bldg 4,500 SqFt
RBA 4,450 SqFt
Land Area .12 Acres
Avail Parking 4/1000SqFt
Project Size 5
Improvements Standalone corner property. 4500 SF. Includes long-term grocery tenant in the 2250 SF first floor and 4 apartments on the second floor. Standalone corner property located in Metairie - one block from Severn Way.
Market New Orleans
Sub-Market Metairie
MLS# 2232465
Legal Descr LOT A SQ B HESSMER FARMS 816/715
Owner-financing terms available on this retail/multifamily property in Metairie. Includes long-term grocery tenant in the 2250 SF first floor space and four 550-SF apartments on the second floor. Gross annual income of $67,500 with net income of $60,000. See attachment for terms of owner financing - 4.5% at 20-year amortization with 20% down. Apartments consist of (2) 1 bedroom and (2) 2 bedroom. Potential for increased rents. Tenants have been in place for several years. Standalone corner property located in Metairie - one block from Severn Way.
  • 4,450 SF Standalone Retail/Multi-Family Building
  • Long-Term Grocery Tenant in 2250 SF 1st Floor Space
  • Four Apartments Upstairs, Leased for Several Years
  • Owner Financing Available
12/2/2019 7:02:32 PM 1/20/2020 4:10:38 AM
Brent Cordell
KW Commercial | Northshore
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