2205 N Hullen Street Metairie, LA 70001
PRICE REDUCTION! 4.5% interest rate seller financing offered. Reach out for terms. 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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyJefferson
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site62 Days
- MLS StatusActive
- MLS ID Number2441947
- Home Size Source Appraiser
- Year Built1987
- Lot Size0 Acres
- Full Baths36
- Partial Baths18
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General Features
- Style Other
- Construction Vinyl Siding
- Parking Off StreetParking Lot
- Sewer Public Sewer
- Number of Stories 3Three Or More
- Acreage 0
- Water Public
- Cross Street W Napoleon
- Property Sub Type Apartment
- Foundation Slab
Interior Features
- Cooling Central Air
- Heating Central
- Laundry Features Common Area
Exterior Features
- Roof FlatShingle
- Pool Features CommunityIn Ground
- Lot City LotRectangular Lot
Community Features
- Community Features Pool