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3005 Lake Villa Dr, Metairie
$699,000
11 Beds ⋅ 6 Baths ⋅ 2554628 MLS
With taxes included, total expenses are $18,309/yr. Current cap rate: 8.50% ($59,391 NOI) Pro forma cap rate: 10.69% ($74,691 NOI) INVESTMENT OPPORTUNITY IN METAIRIE! Great 6-plex in a wonderful location. Six units: five 2 bed/1 bath and one 1 bed/1 bath, currently the manager's unit. Currently UNDER RENTED at $6,125/month with room to grow (pro forma rent $7,400/month). Tenants pay electric; owner pays water (approx. $500/month). Coin-operated washers and dryers on site at rear of building ($350/month income). Each unit has an assigned parking lane holding 2 cars. All underground plumbing replaced a few years ago. Easy access to the interstate, Veterans Hwy, bus stops, restaurants, and groceries. Property tax $3,251 / Flood insurance $2,038 / Property insurance $5,928 / Liability $1,092. Current gross income: $6,475/month, $77,700/year including laundry. 8.50% cap rate. Pro forma gross income: $7,750/month, $93,000/year including laundry. 10.69% pro forma cap rate. Buyer's agent and buyer to due their own due diligence. Private Remarks: Limited showings, Need 24-36 hr notice. Can only show 1 unit. Can show reach once under contract. No sign on property. Off street parking for all unit With taxes included, total expenses are $18,309/yr. Current cap rate: 8.50% ($59,391 NOI) Pro forma cap rate: 10.69% ($74,691 NOI)

3005 Lake Villa Dr, Metairie
4701 Lakewood Dr, Metairie
$399,000
3 Beds ⋅ 2 Baths ⋅ 200MZV MLS
Check out this well-maintained home in Lake Villa - 2 blocks from the lake and 5 minutes to the interstate. Roof was replaced after hurricane Ida, electrical panel was replaced recently also. This house features 3 bedrooms and 2 bathrooms, a formal dining area, and a high ceiling in the living room. The backyard is perfect for hosting parties/entertaining!

4701 Lakewood Dr, Metairie
320 Lake Breeze Dr, Baton Rouge
$315,000
3 Beds ⋅ 2 Baths ⋅ 2026018691 MLS
Lake Villas home featuring 3 bedrooms and 2 bathrooms, located near LSU and Arlington Marketplace along the LSU bus route. This well-maintained property offers an open floor plan, a two-car garage, neutral finishes, and wood-look ceramic tile throughout the living areas. The kitchen features granite countertops, undermount sinks, stainless steel appliances, a gas range and oven, and a large island with a breakfast bar. The primary suite includes a spacious walk-in closet and an en suite bathroom with a double vanity, separate shower, and soaking tub. The fenced backyard backs to a wooded area for added privacy. A Vivint Smart Home security system is included, and furnishings are available for an additional fee. Although the home has never been rented, it offers strong rental potential.

320 Lake Breeze Dr, Baton Rouge
3821 Lake Villa Dr, Metairie
$230,000
2578633 MLS
Drive By!!! This exceptional 50' x 135' vacant lot is located in a prime area of Metairie, Louisiana, offering endless possibilities for development. A locatinon to build your dream home or investment property, this lot boasts a desirable location with excellent amenities and services nearby. With its ideal size and location, this property is a rare opportunity for residential development. Don't miss out on this chance to own a piece of property in a fantastic part of Metairie - contact us for more information!

3821 Lake Villa Dr, Metairie

IDX information is provided exclusively for consumers’ personal and non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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