Active
2205 N HULLEN Street
Metairie LA, 70001
$3,750,000
$118.48 per sqft
Active
60 Beds
54 Baths
31,652 sqft
Condo
Built in 1987
Courtesy of Bryce Danna-Marullo with Bridgewater Realty Advisors, LLC
PRICE REDUCTION! Introducing 2205 & 2221 N. Hullen Street, a 36-unit multifamily property (two 18-unit buildings) located in Metairie, LA. This well maintained complex consists of a mix of 2 bed 1 bath units, 2 bed 1.5 bath units and 1 bed 1 bath units with addition of a coin operated laundry room in each building. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo for the larger units. Metairie is a highly desirable market for both renters and investors alike. Multifamily properties in Metairie generally experience lower turnover and rent extremely quick and 2205/2221 N Hullen is no exception. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Property amenities include a well-kept swimming pool, laundry room in each building, washer & dryer hookups in several units, and ample parking for tenants. New roof as of 2022. In sum, 2205 & 2221 N. Hullen Street represents an extraordinary value-add investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.
2441947
MLSⓇ ID
April 3, 2024
Listed
August 26, 2024
Updated
Map
2205 N HULLEN Street
Metairie LA, 70001
Interior Features
Total Stories
3
Bedrooms
60
Total Bathrooms
54
Full Bathrooms
36
Half Bathrooms
18
Laundry Description
Common Area
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Features
City Lot, Rectangular Lot
Architectual Style
Other
Roof
Flat, Shingle
Sewer
Public Sewer
Other Property Details
Days on Market
129
Garage
No
Parking
Off Street, Parking Lot
View
No
County
Jefferson
Water Source
Public
Pool
Yes
Pool Features
Community, In Ground
Listing History
Date | Event | Price |
---|---|---|
8/26/2024 | Active | — |
8/21/2024 | Under contract | — |
8/6/2024 | Active | — |
7/31/2024 | Under contract | — |
5/16/2024 | Price change | $3,750,000 -7% |
Listing Contact: (504) 301-5583
Based on information from the Gulf South Real Estate Information Network as of 8/26/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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Data last updated 5:21 PM UTC, 8/26/2024