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4021 Hessmer Ave
Metairie, LA 70002

$11,950,000 USD

Apartments For Sale • 110,000 SF

Property Details

Property Type Apartments
Total Building Size 110,000 SF
Lot Size 1.01 AC
Building Class C
Year Built 1975
Cap Rate 7.11 %
Zoning CDR

0 Transit Score

78 Walk Score

                
                    Highlights
                
                                100% Occupancy (cash machine from day 1)
                            
                                Big Value Add play
                            
                                Stable Market adjacent to major retail corridor
                            
                                Quality/experienced staff 
                            
                                Property qualifies for tax credits

Financial Summary (Actual)

Net Operating Income: $850,000 USD (2024)

Cap Rate:	7.11 %
Total Expenses:	$500,000 USD

Amenities

Air Conditioning
Courtyard
Laundry Facilities
Property Manager on Site
Video Patrol
Heating
Kitchen
Oven
Range
Tub/Shower
Maintenance on site

Public Transportation

Commuter Rail	Drive	Walk	Distance
New Orleans Union Passenger Terminal (City of New Orleans - Amtrak, Crescent - Amtrak, Sunset Limited - Amtrak)	15 min	-	8.8 mi
Airport	Drive	Walk	Distance
Louis Armstrong New Orleans International	15 min	-	8.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	120
Type:	Surface
Included in Rent:	Yes

Darren Aschaffenburg 504-400-0084 Beau Box Commercial Real Estate

4021 Hessmer Ave Metairie, LA 70002