340 Carrollton AveMetairie, LA 70005

Property Details for 340 Carrollton Ave

Property size (Sq ft)

11,244 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

Exceptional opportunity to acquire a nine-unit, Class A multifamily investment portfolio situated in the desirable Old Metairie neighborhood of Jefferson Parish, Louisiana. This portfolio comprises five buildings located on approximately 28,981 square feet of land, with addresses ranging from 340-348 Carrollton Avenue, 200-202 Pink Street, and 360 Lake Avenue. The portfolio boasts a total of 11,244 square feet of living space, with each unit averaging approximately 1249 square feet. Recent renovations are evident in several properties, featuring upgrades such as vinyl plank flooring, gas lanterns, extra-long living room windows, waterfall quartz islands, barnwood sliding doors, and in-unit washer/dryer connections. Four of the buildings have roofs less than four years old. Two properties, 340-342 Carrollton Avenue and 346-348 Carrollton Avenue, each consist of two units. 200-202 Pink Street is a renovated duplex with carports. 360 Lake Avenue is a single-family home formerly a duplex, situated on a large 9,000 square foot lot. All properties are located in Flood Zone X and zoned R2. This portfolio presents a compelling investment opportunity with strong potential for rental income. A detailed rent roll is available upon request. The asking price is $1,840,000, representing a price per unit of $204,444.44 and a price per square foot of $163.64. This strategic location, just four blocks from Metairie Road, offers exceptional convenience and accessibility.

Location Insight

City

Metairie

County

Jefferson Parish

State

Louisiana

Latitude

29.9876

Longitude

-90.1269

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