Description
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.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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4,800SQFT
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$120$/SQFT
School Ratings & Info
Description
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.
Broker and Associates are licensed in the State of Louisiana, USA.
Nola Northshore Real Estate || 985-807-1117 || Mandeville, LA.
Terms & Conditions
© 2024 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nola Northshore Real Estate. Data last updated: 2024-10-08T14:35:14.833.
Listing courtesy of Gulf South Real Estate Information Network.