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Listed byFall Back Office Matrix • Fall Back Agent MATRIX
$ 299,000
Est. payment /mo
Active
112 ADDISON ST Jefferson, LA 70121
4 Beds
4 Baths
2,476 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,476 sqft
Price per Sqft $120
MLS Listing ID 2580831
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1970
Acres 0.14
Lot Dimensions 5940
Property Sub-Type Quadruplex
Source ROAM MLS
Land Area 2476
Property Description
Calling all investors and house hackers! Fully occupied fourplex in Old Jefferson offering an exciting value-add opportunity. This two-story property features four one-bedroom, one-bath units with approximately 2,476 square feet of living area. All four leases are currently month-to-month, providing flexibility for future improvements and rent increases.Current rents total $2,650 per month, or $31,800 annually, and are below nearby market rents. The included pro forma projects rents of $1,150 per unit, while an analysis reports an average and median of $1,295 for nearby one-bedroom rentals.The property needs updates, allowing its next owner to improve the units while capturing meaningful rental upside. Conveniently located by Ochsner Medical Center, Oak Street, Earhart Expressway, the Mississippi River and New Orleans. An incredible opportunity to acquire an income-producing property with strong value-add potential!
Location
Interior
Cooling Multi Units
Fireplace No
Exterior
Parking Features Off Street, Driveway
Garage Spaces 3.0
Utilities Available Natural Gas Not Available
Total Parking Spaces 3
Garage No
Building
Lot Description Other
Foundation Slab
Water Public
New Construction No
Others
Tax ID 0700001556
Virtual Tour https://www.propertypanorama.com/instaview/roam/2580831
