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Property view

6745 Cindy Place, 
New Orleans, LA 70127

$649,000

Last List Price

14

Beds


14

Baths


7,125

Sq Ft


Multi-Family

Sold

Listed by

Mason Mccullough

Bought with Witry Collective, L.L.C.

Bridgewater Realty Advisors, LLC.

504-298-8631

MLS#

2431432

Source:

LA GSREIN

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About This Home

6745 Cindy Place

Bridgwater Realty Advisors is excited to present a unique opportunity to acquire an exceptional apartment community situated in a neighborhood with stable rental demographics. This property is located in the New Orleans East Sub-Market and consists of three well-maintained buildings, containing a total of thirteen (13) one-bedroom, one-bathroom units and one (1) efficiency unit. The complex features pitched shingle roofs and an on-site parking lot accommodating eleven vehicles. Recently renovated, the complex is currently in the lease-up phase, and the existing owners have been leasing the vacant units at an average monthly rate of $1,002 per month. This would equate to a potential monthly rental income of $14,028. For a comprehensive understanding of the unit mix, rent roll, and financial details, please refer to the attached offering memorandum. Considering the current economic climate, there is a pressing and continuous need for affordable housing units in this market. Don't miss this opportunity to be a part of meeting that demand.

Home Facts

Multi-Family

14 Baths

14 Bedrooms

Built in 2021

Price Summary

649,000

$91 per Sq. Ft.

MLS #:

2431432

Sold:

March 8, 2024


Rooms & Interior

Bedrooms

Total Bedrooms:

14

Bathrooms

Total Bathrooms:

14

Full Bathrooms:

14

Interior

Living Area:

7,125 Sq. Ft.


Structure

Structure

Building Area:

7,125 Sq. Ft.

Year Built:

2021


Lot

Lot Size (Sq. Ft):

15,245


Finances & Disclosures

Finances

Price:

$649,000

Price per Sq. Ft:

$91 per Sq. Ft.

Source:LA GSREIN
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