112 ADDISON Street, Jefferson, LA 70121 (MLS# NO2580831)

Remarks & Misc

Remarks

Calling all investors and house hackers! Fully occupied fourplex in Old Jefferson offering an exciting value-add opportunity. This two-story property features four one-bedroom, one-bath units with approximately 2,476 square feet of living area. All four leases are currently month-to-month, providing flexibility for future improvements and rent increases. Current rents total $2,650 per month, or $31,800 annually, and are below nearby market rents. The included pro forma projects rents of $1,150 per unit, while an analysis reports an average and median of $1,295 for nearby one-bedroom rentals. The property needs updates, allowing its next owner to improve the units while capturing meaningful rental upside. Conveniently located by Ochsner Medical Center, Oak Street, Earhart Expressway, the Mississippi River and New Orleans. An incredible opportunity to acquire an income-producing property with strong value-add potential!

Office/Member/Contract Info

List AOR

NOMAR

Construction

Brick

Yes

Foundation

Slab

Yes

Roof

Composition

Yes

Heating

Central

Yes

Other

Yes

Owner Pays

Water

Yes

Tenant Pays

Electric

Yes

Gas

Yes

Property Features