929 W Monterey Court , Gretna, LA 70056 Photo
929 W Monterey Court , Gretna, LA 70056 Photo
929 W Monterey Court , Gretna, LA 70056 Photo
929 W Monterey Court , Gretna, LA 70056 Photo
929 W Monterey Court , Gretna, LA 70056 Photo
929 W Monterey Court , Gretna, LA 70056 Photo
929 W Monterey Court , Gretna, LA 70056 Photo
929 W Monterey Court , Gretna, LA 70056 Photo

8 Total Photos [Click to View All]

929 W Monterey Court Gretna, LA 70056
$399,000
Active / MLS# 2571151 / Multi Unit - Multiple / Gretna
12 Beds
8 Baths

100% occupied 4 plex! Large 3 bed 2 bath units. A detached four-plex building offering strong in-place cash flow and operational stability. The property consists of 4 units with two vacancies presenting a clear lease-up opportunity for a new owner. Additional revenue can be made from on-site laundry. Renovated in 2024, the property features updated electrical, plumbing, roofing, and window systems, contributing to reduced maintenance and long-term durability.Each unit is individually metered for electricity, enhancing expense control and operational efficiency. The gross building area is appoximately 4,258 sf with 4 off-street parking spaces, and also located in a favorable Flood Zone X. A purchaser has the ability to purchase a stabilized asset and continue to raise rents to meet the market, improving the cap rate to 10% plus.This building can be purchased as a package deal with 913 & 917; see MLS#2571149 or MLS#2571199

Read More » Read Less »

Mortgage Calculator

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

Estimated Payment

$ 1,003.04 per month $886.67 Principal & Interest $0.00 Property Tax (data not provided by mls) $116.38 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Home Style: Contemporary
Lot Size: 1.10 Acres
Year Built: 1980

Feature Descriptions

Days on Site: 15
Exterior: Frame, HardiPlank Type
Lot: Other
Lot Dimensions: 160X300
Parcel#: 0200001314
Parking: Assigned, Off Street
Parking Notes: Assigned, Off Street
Sewer: Public Sewer
Units: 4
Utilities: Natural Gas Not Available
Water: Public

Listed By / Shown By

Listed By

Agency Name: Bridgewater Realty Advisors
Agency Phone: 504-901-0463

Shown By

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

IDX logo

Login to My Homefinder