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Asset Snapshot
Upper Mid-Scale
Multifamily Subtype
$460,217.84
NOI
1960
Year Built
2022
Year Renovated
3
Floor Count
2
Building Count
24
Parking Spots
0.48 Acres
Land Area
37 Units
Unit Count
0 SF
Average Unit Size
21,000 SF
Property Size
100%
Occupancy
Offering Summary
Investment Overview
Fully stabilized multi-family property in growing Jefferson Parish submarket, anchored by Ochsner Medical Center. 90% occupancy and very strong revenue growth that will accelerate when Ochsner's children's hospital and neuroscience center are complete.Investment Highlights
- 37 units (100% occupied); 3-story w/ elevator
- Full renovation in 2022
- On-site parking and laundry
- 24% Revenue growth in 2024, strong long-term market fundamentals
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