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2537 River Road

Jefferson, LA 70121
  • $2,500,000
  • STATUS: Active Under Contract
  • ON SITE: 299 Days
  • MLS #: 2414820
Under Contract
UPDATED: 88 min ago
$2,500,000
  • 20
    BEDS
  • 0.75
    ACRES
  • 13
    BATHS
  • 3
    1/2 BATHS
  • 10,141
    SQFT
  • $247
    $/SQFT
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

Description

$31,750 per month in gross income from doctors, patients and others who rent these units on a 30 to 90 day basis for over 2x the rent. Introducing 2537 River Road, a value add medium term rental complex located in Jefferson, LA. This complex consists of 11 units, 9 of which are turn key, with the ability to add two additional units to maximize potential.The location on River Road is situated next to Ochsner Medical Center on Jefferson Highway. Ochsner is the states largest employer as well as provides a potential tenant base of medical professionals and patients and patients families needing medium term stays next to the hospital. Additionally, the surrounding area supports quick rental absorption from cash tenants.Estimates for building out two additional units as well as renovations on two existing units and including furniture for these units is approximately $125,000. All existing units come furnished with the sale.For added convenience, ample off-street parking is available, eliminating the hassle of finding a parking spot and enhancing the overall living experience. In sum, 2537 River Road represents an extraordinary investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.

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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: 2024-07-18T12:35:03.127.
www.nolanorthshorerealestate.com/homes/143652140
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2537 River Road Jefferson, LA 70121

  • Price: $2,500,000
  • Status: Active Under Contract
  • On Site: 299 Days
  • Updated: 88 min ago
  • MLS #: 2414820
20
Beds
13
Baths
3
½ Baths
0.75
Acres
10,141
SQFT
$247
$/SQFT
1973
Built
County:
Jefferson
Property Description
$31,750 per month in gross income from doctors, patients and others who rent these units on a 30 to 90 day basis for over 2x the rent. Introducing 2537 River Road, a value add medium term rental complex located in Jefferson, LA. This complex consists of 11 units, 9 of which are turn key, with the ability to add two additional units to maximize potential.The location on River Road is situated next to Ochsner Medical Center on Jefferson Highway. Ochsner is the states largest employer as well as provides a potential tenant base of medical professionals and patients and patients families needing medium term stays next to the hospital. Additionally, the surrounding area supports quick rental absorption from cash tenants.Estimates for building out two additional units as well as renovations on two existing units and including furniture for these units is approximately $125,000. All existing units come furnished with the sale.For added convenience, ample off-street parking is available, eliminating the hassle of finding a parking spot and enhancing the overall living experience. In sum, 2537 River Road represents an extraordinary investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.
Exterior Features

Construction Materials Vinyl Siding Foundation Details Slab Lot Features City LotRectangular Lot Lot Size Dimensions 32740 Parking Features Off StreetThree or more Spaces Pool Features None Roof Shingle

Interior Features

Cooling Central Air Heating Central Heating YN Yes Laundry Features Laundry Room

Property Features

Architectural Style Other Cooling YN Yes Home Warranty YN No Levels Two Listing Terms Owner May Carry New Construction No Owner Pays ElectricityWater Property Condition ExcellentResale Property Sub Type Apartment Restrictions Sewer Public Sewer Special Listing Conditions None Watersource Public

Gulf South Real Estate Information Network Listing courtesy of Gulf South Real Estate Information Network.
Listing provided courtesy of Bryce Danna-Marullo of Bridgewater Realty Advisors, LLC: (504) 298-8631.



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: 2024-07-18T12:35:03.127.
 
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Nola Northshore Real Estate
68922 Calco Dr
Mandeville LA, 70471