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$ 2,610,000
Est. payment /mo
Active
11900-50 Lakeland Court New Orleans, LA 70128
1.46 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID NO2522884
Lot Size 1.460 Acres
Acres 1.46
Property Description
$32,070 per month actual gross rental income! Price reduction! Lakeland Manor is a portfolio of eight (8) adjacent fourplex apartment buildings totaling 31 units, ideally located in a quiet cul-de-sac off Bullard Avenue in New Orleans East all situated within immediate proximity, creating a cohesive and easily managed community. An additional 4plex located at 8017 Bullard next door is also for sale for total of 35 units. Each building is a well-maintained two-story fourplex offering spacious floorplans and consistent rental demand. The layout of the portfolio, clustered around Lakeland Court with frontage on Bullard Avenue, provides operational efficiency for leasing, management, and maintenance. All buildings benefit from strong physical condition and stabilized occupancy with upside potential through rent growth. This portfolio offers a turnkey investment in a stable, income-producing multifamily asset ideally suited for both seasoned multifamily investors seeking a reliable return profile and investors looking to scale quickly in a proven submarket.
Location
State LA
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Parking Lot
Roof Type Composition
Garage false
Building
Foundation Slab
Level or Stories 2
Others
Tax ID per assessor
Listed by Bridgewater Realty Advisors, LLC