1300 02 Allo Avenue
Marrero, LA 70072
- 9 beds
- 9 baths
- 5,131 sqft
- $181 per sqft
- 1970 build
Expand your real estate portfolio with this rare multifamily investment opportunity on the Westbank, just two blocks behind West Jefferson Hospital in a neighborhood surrounded by single-family homes. This income-producing property consists of a two-story apartment building (approx. 4,392 sq. ft.) with seven units—five studios, one 1-bedroom, and one 2-bedroom—along with a detached 1-bedroom house (Unit E) of approximately 729 sq. ft. Currently 100% occupied with a historically low vacancy rate, this property provides steady cash flow. Tenant amenities include an on-site coin-operated laundry and ample parking. Each unit has a separate electric meter, while water is on a single meter, typically paid by the owner. There is no gas service to the building. The roof was replaced after Hurricane Ida, and the property is located in Flood Zone X, with no seller-held flood policy. With Section 8 rental rates offering potential for increases along with a thriving rental market, this is a strong opportunity for long-term financial gain. The seller may consider a short-term bond-for-deed with at least 50% down, and is Ideal for investors seeking a 1031 exchange to expand their multifamily holdings. Pursuant to the seller's request, pre-approved financing letter or proof of funds is required before scheduling showings. There is no for sale sign on the property.
Last checked:
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Last updated Mar 11, 2025
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MLS# 2490326 —
The Building
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Year Built:1970
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Construction Materials:Brick
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Architectural Style:Traditional
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Building Area Source:Measured
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Roof:Asphalt, Shingle
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Foundation:Slab
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Exterior Features:Balcony
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Patio Features:Balcony
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Levels:Two
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Stories:2
Interior
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Living Area:5131
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Living Area Source:Measured
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Laundry Features:Laundry Room
Financial & Terms
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Home Warranty:No
Location
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Directions:WB Expressway to Medical Center Blvd, S. to 13th St turn left to Allo (Corner lot)
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Cross Street:13th St. Avenue A, 14th St.
The Property
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Parcel Number:0410000143
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Property Type:Residential Income
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Property Subtype:Apartment
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Property Subtype Additional:Apartment
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Property Condition:Very Good Condition
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Lot Features:Corner Lot, City Lot, Rectangular Lot
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Lot Size Area:0.2259
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Lot Size Acres:0.2259
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Lot Size Dimensions:80 x 124
Listing Agent
- Contact info:
- Agent phone:
- (504) 866-7733
- Office phone:
- (504) 866-7733
Taxes
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Tax Legal Description:LOT 1 MEAS 40 X 40.01 X 123.78 X 123.42 SQ 19 LOT 2 MEAS 40 X 40 X 123.78 X 124.14 SQ 19 ALLO SUB 10759823 11026942
Beds
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Bedrooms Total:9
Baths
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Full Baths:9
The Listing
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Current Price:$929,000
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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
Parking
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Parking Features:Off Street, Parking Lot
Extra Units
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# of Units Total:8
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 |
|---|---|---|---|---|
|
3/7/25
Mar 7, 2025
|
Listed / Active | GSREIN | $929,000 |
