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$3,750,000
107 Days Online

2205 N Hullen Street
Metairie, LA 70001

For Sale|Multi-Family|Active
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! 4.5% interest rate seller financing offered. Reach out for terms. 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 
107 Days
Bedrooms 
60
Inside Area (SqFt) 
31,652 sqft
Total Baths 
54
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
2 months agoListing updated with changes from the MLS®
2 months agoPrice changed to $3,750,000
4 months agoListing first seen online
General Features
Acreage 
0
Parking 
Off StreetParking Lot
Sewer 
Public Sewer
Style 
Other
Water 
Public
Construction 
Vinyl Siding
Number of Stories 
33+
Cross Street 
W Napoleon
Property Sub Type 
Apartment
Foundation 
Slab
Listing Conditions 
None
Property Condition 
Very Good Condition
Interior Features
Cooling 
Central Air
Heating 
Central
Laundry Features 
Common Area
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Exterior Features
Lot 
City LotRectangular Lot
Roof 
FlatShingle
Pool Features 
CommunityIn Ground
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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