3005 LAKE VILLA DR, Metairie, LA 70002
3005 LAKE VILLA DR, Metairie, LA 70002
3005 LAKE VILLA DR, Metairie, LA 70002
25
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Listed byKeller Williams Realty NO • Lori Scott • 504-862-0100
$699,000
Est. payment /mo
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11 Beds
6 Baths
4,580 SqFt
Active

3005 LAKE VILLA DR Metairie, LA 70002

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Atlas Real Estate Company

Atlas Real Estate Company

+1(504) 399-4663

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Key Details

Property Type Other Types

Sub Type Multifamily 5+

Listing Status Active

Purchase Type For Sale

Square Footage 4,580 sqft

Price per Sqft $152

Subdivision Lake Villas

MLS Listing ID 2554628

Style Traditional

Bedrooms 11

Full Baths 6

HOA Y/N No

Year Built 1975

Acres 0.16

Lot Dimensions 50x135

Property Sub-Type Multifamily 5+

Source ROAM MLS

Land Area 4580

Property Description

INVESTMENT OPPORTUNITY IN METAIRIE! Great 6 plex that is fully rented with long term tenants at a wonderful location of Metairie. Six units consisting of five -2 bedroom, 1 bath and one- 1 bedroom/ 1 bath unit. The 1 bedroom is currently the manager's unit. Currently under rented at $6125 month, plus coin operated laundry income. Rent Proforma $7400. month. Tenants pay electric, owner pays water. Coin operated washers and dryers on site, current income $350. monthly. Laundry located rear of building in common area. Each unit has an assigned parking lane which holds 2 cars each. All underground plumbing has been replaced a few years back. Easy access to interstate, Veterans Hwy, bus stops, restaurants, groceries, etc... Flood Insurance $1689. 1 1/2 blocks from Raising Cane's Chicken and MOOYAH Burgers on Veterans, Fantastic location!! Buyer and Buyer's agent to do their own due diligence on Flood zone, etc..Gross rental income: $6125 per month/ $73,500 annually ($77,100 yr w/ coin operated laundry) 7.76% cap rate. Pro forma rental income: $7,400 per mo rent plus laundry $7700 mo/ $92,400 annually/ 9.95% pro forma cap rate.

Location

State LA

County Jefferson

Community Lake Villas

Area 0.16

Direction Take Veterans, located between Vets, I-10 Serv Rd, Cleary and Clearview

Interior

Cooling Central Air

Fireplace No

Exterior

Parking Features Assigned, Off Street, Parking Lot

Utilities Available Natural Gas Not Available

Garage No

Building

Lot Description Other

Foundation Slab

Water Public

Architectural Style Traditional

New Construction No

Others

Tax ID 0820030953

Virtual Tour https://www.propertypanorama.com/instaview/roam/2554628

ROAM MLS
Atlas Real Estate Company
Atlas Real Estate Company

Company

+1(504) 399-4663 | atlasrealestateco@gmail.com

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3005 LAKE VILLA DR