2205 N Hullen Street
Metairie, LA 70001
- 60 beds
- 45 baths
- 31,652 sqft
- $102 per sqft
- 1987 build
$500K PRICE REDUCTION! 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.
Last checked:
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Last updated Dec 10, 2024
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MLS# 2441947 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1987
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Construction Materials:Vinyl Siding
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Architectural Style:Other
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Building Area Source:Appraiser
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Roof:Flat, Shingle
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Foundation:Slab
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Levels:Three Or More
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Stories:3
Interior
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Living Area:31652
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Living Area Source:Appraiser
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Laundry Features:Common Area
Financial & Terms
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Home Warranty:No
Location
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Cross Street:W Napoleon
The Property
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Property Type:Residential Income
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Property Subtype Additional:Apartment
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Property Subtype:Apartment
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Property Condition:Very Good Condition
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Lot Features:City Lot, Rectangular Lot
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Lot Size Dimensions:35148
Listing Agent
- Contact info:
- Agent phone:
- (504) 298-8631
- Office phone:
- (504) 298-8631
Taxes
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Tax Legal Description:LOTS 206 207 208 209 ATHANIA PL ANNEX & LOTS 212 & 213 & 214 & 215 ATHANIA PLACE ANNEX
Beds
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Bedrooms Total:60
Baths
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Full Baths:36
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Half Baths:18
The Listing
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Current Price:$3,250,000
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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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Community Features:Pool
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Pool Features:Community, In Ground
Parking
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Parking Features:Off Street, Parking Lot
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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/30/24
Oct 30, 2024
|
Price Changed | GSREIN | $3,250,000 | -13.3% |
|
8/26/24
Aug 26, 2024
|
Listed / Active | GSREIN | $3,750,000 | |
|
8/21/24
Aug 21, 2024
|
Sold Subject To Contingencies | GSREIN | $3,750,000 |
