1500 Madison Street , Gretna, LA 70053 Photo
1500 Madison Street , Gretna, LA 70053 Photo
1500 Madison Street , Gretna, LA 70053 Photo
1500 Madison Street , Gretna, LA 70053 Photo
1500 Madison Street , Gretna, LA 70053 Photo

5 Total Photos [Click to View All]

1500 Madison Street Gretna, LA 70053
$495,000
Active Under Contract / MLS# 2568930 / Multi Unit - Multiple / Gretna
12 Beds
7 Baths
1 Half Bath
5032 SqFt

Great opportunity to own a 7-unit multifamily property in Gretna with plenty of upside for investors. This one-story cinder block building includes four 2-bedroom, 1-bath units, one 2-bedroom, 1.5-bath unit, and two 1-bedroom, 1-bath units. All units feature durable tile flooring throughout for easy maintenance. Currently, 4 of the 7 units are occupied, providing immediate rental income, while the 3 vacant units offer the chance to increase cash flow by leasing them at market rates. The owner pays the water bill for the property and includes electricity in the rent for two of the units. Whether you're looking to expand your portfolio or add a value-add property with strong income potential, this is an investment worth a closer look.

Read More » Read Less »

Mortgage Calculator

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Estimated Payment

$ 1,244.38 per month $1,100.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $144.38 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Heating: Window Unit
Home Style: Apartment
Lot Size: 0.23 Acres
Roof Type: Shingle
Stories: 1.0

Feature Descriptions

Days on Site: 5
Exterior: Block
Lot: City Lot, Rectangular Lot
Lot Dimensions: 60x160
Parking: Off Street
Property Condition: Average Condition
Sewer: Public Sewer
Units: 7
Water: Public

Listed By / Shown By

Listed By

Agency Name: Compass Westbank
Agency Phone: (504) 362-1823

Shown By

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

IDX logo

Login to My Homefinder