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$3,750,000
129 Days Online

2205 N HULLEN Street
Metairie, LA 70001

For Sale|Apartment|Active
60
Beds
36
Full Baths
18
Partial Baths
31,652
SqFt
$118
/SqFt
1987
Built
County:
Jefferson

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2205 N HULLEN Street2205 N HULLEN Street2205 N HULLEN Street2205 N HULLEN Street
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PRICE REDUCTION! Introducing 2205 & 2221 N. Hullen Street, a 36-unit multifamily property (two 18-unit buildings) located in Metairie, LA. This well maintained complex consists of a mix of 2 bed 1 bath units, 2 bed 1.5 bath units and 1 bed 1 bath units with addition of a coin operated laundry room in each building. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo for the larger units. Metairie is a highly desirable market for both renters and investors alike. Multifamily properties in Metairie generally experience lower turnover and rent extremely quick and 2205/2221 N Hullen is no exception. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Property amenities include a well-kept swimming pool, laundry room in each building, washer & dryer hookups in several units, and ample parking for tenants. New roof as of 2022. In sum, 2205 & 2221 N. Hullen Street represents an extraordinary value-add investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.

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Listing Snapshot
Price 
$3,750,000
Days Online 
129 Days
Bedrooms 
60
Inside Area (SqFt) 
31,652 sqft
Total Baths 
45
Full Baths 
36
Partial Baths 
18
Lot Size 
N/A
Year Built 
1987
MLS® Number 
2441947
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Appraiser
Friends & Family
Recent Activity
a month agoStatus changed to Active
4 months agoListing first seen online
6 months agoListing updated with changes from the MLS®
General Features
Foundation 
Slab
Number Of Stories 
3
Parking 
Off StreetParking Lot
Property Sub Type 
Apartment
Sewer 
Public Sewer
SqFt Total 
31652
Stories 
Three Or More
Style 
Other
Water Source 
Public
Interior Features
Cooling 
Central Air
Heating 
Central
Laundry Features 
Common Area
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Exterior Features
Construction Details 
Vinyl Siding
Lot Features 
City LotRectangular Lot
Pool Features 
CommunityIn Ground
Roof 
FlatShingle
Community Features
Community Features 
Pool
Listing courtesy of Bridgewater Realty Advisors, LLC

Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.

Neighborhood & Commute
Source: Walkscore
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