1200 E Judge Perez Drive
Chalmette, LA 70043
- 6 beds
- 4 baths
- 4,800 sqft
- $119 per sqft
- 1974 build
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.
Last checked:
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Last updated Feb 6, 2025
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MLS# 2467041 —
The Building
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Year Built:1974
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Construction Materials:Brick Veneer, Hardboard
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Architectural Style:Other
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Building Area Source:Appraiser
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Roof:Other
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Foundation:Slab
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Levels:Two
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Stories:2
Interior
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Living Area:4800
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Living Area Source:Appraiser
Financial & Terms
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Home Warranty:No
Location
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Directions:Corner of Palmisano, directly across the street from Chalmette High
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Cross Street:Palmisano, Riverland
The Property
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Parcel Number:45910120012A
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Property Type:Residential Income
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Property Subtype:Mixed Use
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Property Subtype Additional:Commercial, Residential
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Property Condition:Very Good Condition
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Lot Features:Corner Lot, Outside City Limits, Rectangular Lot
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Lot Size Dimensions:103 x 71
Listing Agent
- Contact info:
- Agent phone:
- (504) 523-5555
- Office phone:
- (504) 523-5555
Taxes
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Tax Lot:12A
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Tax Legal Description:LOT 12-A, SQ. 12, RIVERLAND PK. SUB. (7,257 SF), MEAS. 71.07' FRT. ON JUDGE PEREZ, WIDTH IN REAR OF 71', BY A DEPTH OF 103.84' AND AN OPP. DEPTH OF 10
Beds
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Bedrooms Total:6
Baths
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Full Baths:3
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Half Baths:2
The Listing
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Current Price:$575,000
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:Yes
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Cooling:Central Air
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Cooling:Yes
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Pool Features:None
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Association Name:N/A
Parking
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Parking Features:Driveway, Off Street
Extra Units
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# of Units Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/9/24
Sep 9, 2024
|
Listed / Active | GSREIN | $575,000 |