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112 ADDISON ST, Jefferson, LA 70121
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112 ADDISON ST, Jefferson, LA 70121
112 ADDISON ST, Jefferson, LA 70121
112 ADDISON ST, Jefferson, LA 70121
112 ADDISON ST, Jefferson, LA 70121
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Kelleye Rhein

Kelleye Rhein

+1(504) 975-0649
$ 299,000
Est. payment /mo
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Active

112 ADDISON ST Jefferson, LA 70121

4 Beds

4 Baths

2,476 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,476 sqft

Price per Sqft $120

MLS Listing ID 2580831

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1970

Acres 0.14

Lot Dimensions 5940

Property Sub-Type Quadruplex

Source ROAM MLS

Land Area 2476

Property Description

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!

Location

State LA

County Jefferson

Area 0.14

Direction https://maps.app.goo.gl/65sxADHUXyqQgUBg6

Interior

Cooling Multi Units

Fireplace No

Exterior

Parking Features Off Street, Driveway

Garage Spaces 3.0

Utilities Available Natural Gas Not Available

Total Parking Spaces 3

Garage No

Building

Lot Description Other

Foundation Slab

Water Public

New Construction No

Others

Tax ID 0700001556

Virtual Tour https://www.propertypanorama.com/instaview/roam/2580831

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by Fall Back Office Matrix
Kelleye Rhein

Kelleye Rhein

Rêve | Realtor License ID: 995687228

+1(504) 975-0649

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112 ADDISON ST