8019 TRAPIER Avenue

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 repaidring) and currently in the midst lease-up, the occupancy went from 48% to 74% in a matter of months.

Listing ID:

NO2542902

Parish

Orleans

Assessment

39W000632

Legal Desc

SQ 45 & 46 WEST HF COMM RESERVE D-2 55/418X155 TRAPIER AV FR/12 UNITS OF FOURPLEXES APT BLDG 2/STORIE S C/R

Parking:

Parking Lot

Lot Dimensions

79550

Construction

Other

Lot Size Area

1.75 ac