360 Lake AveMetairie, LA 70005

This charming single-family home, located at 360 Lake Ave in the desirable Old Metairie neighborhood of Metairie, Louisiana, presents a fantastic investment opportunity. Built in 1960, this one-unit, Class C multifamily property boasts 1,689 square feet of living space situated on a generous 9,000 square foot lot. The property is zoned RD2 and offers significant rental income potential, making it an attractive addition to any investment portfolio. Its prime location, just steps from Metairie Road, provides easy access to a vibrant array of amenities including grocery stores, boutiques, and restaurants. The asking price is $349,000, translating to a price per square foot of $206.63 and a price per unit of $349,000. While the cap rate is currently listed as 0.00%, the property's strong location and rental potential suggest significant return possibilities. Note that this property is also available as part of a larger five-building portfolio in Old Metairie for $2.5 million. This single-family home offers a compelling opportunity for investors seeking a well-located, income-generating asset in a thriving Louisiana community. The property's size and location make it an ideal addition to a rental portfolio or a strong starting point for a new investor. Serious inquiries are encouraged.