1200 E JUDGE PEREZ Drive $575,000

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    1200 E JUDGE PEREZ Drive Chalmette, LA 70043

    • 6 Beds
    • 5 Baths
    • 4,800 sq. ft.
    • Multi-Family
    • MLS# 2467041
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    Views: 10 Days On Site: 73

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    Property Details

    A notable commercial/residential property is situated at the corner of E. Judge Perez and Palmisano, right across from Chalmette High School. The commercial space on the ground floor is rented to a restaurant for a gross of $2,700. Above, there are three (3), two-bedroom/one-bath apartments, each with market rents of $1,000. Family members occupy some of the residential units at abated rates. This attractive property features high visibility, substantial improvements, a high level of maintenance (new roof 2021), and is in superb condition, offering an enviable cap rate, making it an exceptional investment opportunity. If you're in search of that elusive positive cash flow, consider incorporating this into your portfolio immediately.

    • General Features
      • Pool Features None
      • Year Built 1974
    • Building Features
      • Room sTotal 0
      • Roof Other
      • Number Of Units Total 4
      • Heating Y/N 1
      • Foundation Details Slab
      • Cooling Y/N 1
    • Property Features
      • Sewer Public Sewer
      • Parking Features Driveway, Off Street, Three or more Spaces
      • Lot Size Dimensions 103 x 71
      • LotSizeArea 0
      • Lot Size Acres 0
      • Lot Features Corner Lot

    Contact

    Janis Groetsch

    Janis Groetsch

    Associate

    995694128

    RE/MAX N.O. PROPERTIES

    New Orleans, LA

    Mobile Phone: 504-495-6078

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    Market Last 30 Days In This Postal Code

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    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $575,000
    9/9/2024 4:12:00 PM New in Database Source: Multiple Listing Service New Value: $575,000

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    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.