4754 Pontchartrain DrSlidell, LA 70458

Property Details for 4754 Pontchartrain Dr

Lot size

1.36 AC

Property size (Sq ft)

14,440 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents an 18-unit apartment complex ideally situated in Slidell, Louisiana, at 4754 Pontchartrain Dr, 70458. The property, known as Maison Vue, boasts a substantial 14,440 square feet of net rentable space across four, two-story buildings situated on a 1.36-acre lot. Currently commanding a 7.42% cap rate and a strong NOI of $148,014, this Class C multifamily property offers significant potential for return. The complex features 18 units, each a spacious 800 square feet with two bedrooms and one and a half bathrooms, complete with washer/dryer connections and one dedicated parking space per unit. Sixteen of the eighteen units are currently leased. Ten units enjoy stunning waterfront views, while eight overlook a tranquil courtyard. Adding to the property's appeal are 16 garage/storage units, and attractive common areas including waterfront access with a dock, gazebos, and ample greenspace. Recent renovations include a new roof, enhancing the property's value and minimizing future maintenance needs. This property is priced at $1,995,000, translating to $138.54 per square foot. Don't miss this chance to acquire a well-maintained, high-performing multifamily asset in a desirable location.

Location Insight

City

Slidell

County

St. Tammany Parish

State

Louisiana

Latitude

30.225

Longitude

-89.8125

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