1425 Monroe Street , Gretna, LA 70053 Photo
1425 Monroe Street , Gretna, LA 70053 Photo
1425 Monroe Street , Gretna, LA 70053 Photo
1425 Monroe Street , Gretna, LA 70053 Photo
1425 Monroe Street , Gretna, LA 70053 Photo
1425 Monroe Street , Gretna, LA 70053 Photo
1425 Monroe Street , Gretna, LA 70053 Photo
1425 Monroe Street , Gretna, LA 70053 Photo
1425 Monroe Street , Gretna, LA 70053 Photo
1425 Monroe Street , Gretna, LA 70053 Photo

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1425 Monroe Street Gretna, LA 70053
$3,295,000
Active / MLS# 2576731 / Multi Unit - Multiple / Gretna
31 Beds
31 Baths

Investment opportunity in Gretna! Woodcrest Apartments is a 31-unit multifamily portfolio consisting of 3 buildings. The low-rise properties feature durable cinder block construction, solid-surface flooring and roofs replaced in 2021. All units are configured as 1 bedroom/1 bath. The offering also includes two adjacent parcels, approximately 0.18 and 0.24 acres, providing additional flexibility and potential for the future buyer.Currently generating an annual rent roll of approximately $383,268, with a reported 2025 NOI of $253,772.99 and an in-place cap rate of 7.70%. The portfolio is offered at $3,295,000, including the adjacent parcels. Convenient Gretna location with easy access to surrounding Westbank amenities and New Orleans. Excellent opportunity to acquire an established income-producing multifamily asset with additional land included.

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Mortgage Calculator

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yearly (est.)
(Payments are an estimate and may vary by lender)

Estimated Payment

$ 8,283.26 per month $7,322.22 Principal & Interest $0.00 Property Tax (data not provided by mls) $961.04 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Heating: Other
Lot Size: 124x206x128x167
Year Built: 1980

Feature Descriptions

Days on Site: 15
Exterior: Block, Frame
Lot: Corner Lot
Lot Dimensions: 124x206x128x167
Parcel#: 0100002780
Parking: None
Parking Notes: None
Sewer: Public Sewer
Units: 31
Utilities: Natural Gas Available
Water: Public

Listed By / Shown By

Listed By

Agency Name: Team Tatje Realtors, LLC
Agency Phone: 504-293-2460

Shown By

Agency Title: John Weil Realty, LLC
Agency Phone: 504-512-6339

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