1500 MADISON ST, Gretna, LA 70053
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1500 MADISON ST, Gretna, LA 70053
1500 MADISON ST, Gretna, LA 70053
1500 MADISON ST, Gretna, LA 70053
1500 MADISON ST, Gretna, LA 70053
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$ 495,000
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Active Under Contract

1500 MADISON ST Gretna, LA 70053

12 Beds

7.5 Baths

5,032 SqFt

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,032 sqft

Price per Sqft $98

MLS Listing ID 2568930

Style Other

Bedrooms 12

Full Baths 7

Half Baths 1

Construction Status Average Condition

HOA Y/N No

Year Built 1970

Lot Size 9,901 Sqft

Acres 0.2273

Property Sub-Type Apartment

Property Description

Great opportunity to own a 7-unit multifamily property in Gretna with plenty of upside for investors. This one-story cinder block building includes four 2-bedroom, 1-bath units, one 2-bedroom, 1.5-bath unit, and two 1-bedroom, 1-bath units. All units feature durable tile flooring throughout for easy maintenance. Currently, 4 of the 7 units are occupied, providing immediate rental income, while the 3 vacant units offer the chance to increase cash flow by leasing them at market rates. The owner pays the water bill for the property and includes electricity in the rent for two of the units. Whether you're looking to expand your portfolio or add a value-add property with strong income potential, this is an investment worth a closer look.

Location

State LA

County Jefferson

Interior

Heating Window Unit

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features Off Street

Pool None

Water Access Desc Public

Roof Type Shingle

Building

Lot Description City Lot, Rectangular Lot

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories One

Construction Status Average Condition

Others

Tax ID 0100003943

Acceptable Financing Bond For Deed, Lease Purchase, Owner May Carry

Listing Terms Bond For Deed, Lease Purchase, Owner May Carry

Special Listing Condition None

Rusty Harris

Rusty Harris

Advisor | License ID: 995691002

+1(504) 462-0604

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1500 MADISON ST