8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo
8019 Trapier Avenue, New Orleans, LA 70127 Photo

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8019 Trapier Avenue New Orleans, LA 70127
$2,800,000
Active / MLS# 2558562 / Multi Unit - Multiple / New Orleans
2 Beds
1 Bath
62685 SqFt

*Seller open to Bond for Deed with 25% down, terms negotiable* Situated in the heart of the New Orleans East neighborhood, this 65-unit apartment complex offers a prime workforce and affordable housing investment opportunity with value-add potential by leasing last remaining vacant/rent ready units and repairing 3 down units. The portfolio consists of two well-positioned properties: 8019 Trapier, encompassing 48 units, and 9500 Hayne, comprising 17 units. The buildings can be purchased together or separately as a 48 and 17 unit complex. Will produce over $60,000 per month in gross rental income once fully leased and stabilized. Owners have completed all outstanding repairs since original list date (except for 3 down units they are not repairing) and currently in the midst lease-up, the occupancy went from 48% to 74% in a matter of months.

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Estimated Payment

$ 7,038.89 per month $6,222.22 Principal & Interest $0.00 Property Tax (data not provided by mls) $816.67 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Home Style: Apartment, Contemporary
Lot Size: 1.75 Acres
Roof Type: Shingle
Stories: 2.0

Feature Descriptions

Days on Site: 19
Lot: 1 to 5 Acres, City Lot
Lot Dimensions: 79550
Parking: Parking Lot
Property Condition: Average Condition
Sewer: Public Sewer
Units: 1
Water: Public

Listed By / Shown By

Listed By

Agency Name: Bridgewater Realty Advisors, LLC
Agency Phone: (504) 901-0463

Shown By

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

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