8520 Chef Menteur Highway New Orleans, LA ^$ 2,950,000

8520 Chef Menteur Highway

^$ 2,950,000

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8520 Chef Menteur Highway

New Orleans, LA, 70127

^$ 2,950,000

Bedrooms92 Baths46.1 Sq 43,000

Monthly Estimate*

^$ 20,607

8520 Chef Menteur Highway, New Orleans, LA 70127 - Image 1

8520 Chef Menteur Highway, New Orleans, LA 70127 - Image 2

8520 Chef Menteur Highway, New Orleans, LA 70127 - Image 3

8520 Chef Menteur Highway, New Orleans, LA 70127 - Image 4

8520 Chef Menteur Highway, New Orleans, LA 70127 - Image 5

8520 Chef Menteur Highway, New Orleans, LA 70127 - Image 6

8520 Chef Menteur Highway, New Orleans, LA 70127 - Image 7

8520 Chef Menteur Highway, New Orleans, LA 70127 - Image 8

8520 Chef Menteur Highway, New Orleans, LA 70127 - Image 9

8520 Chef Menteur Highway, New Orleans, LA 70127 - Image 10

8520 Chef Menteur Highway, New Orleans, LA 70127 - Image 11

Multi-Family Home for sale in New Orleans, LA

for $2,950,000 with 92 bedrooms and 46 full baths, 1 half bath. This 43,000 square foot home was built in 1968 on a lot size of 3.12.

This multi-family apartment complex comprises 46 two-bedroom units, presenting a compelling investment opportunity with excellent cash flow. Designed for long-term value, the property offers a comfortable living environment for residents. With a strong focus on financial growth, this complex is an attractive option for investors looking to build equity and steady rental income. Agent is a member of the LLC.

Multi-Family Active

Price

^$ 2,950,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

3.12

Year Built

1968

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2436685

Features

General

Sewer Public Sewer

Heating Central

Cooling Central Air

Roof Flat

Architectural Style Other

Construction Materials Brick

Year Built 1968

Tenant Pays Electricity

Stories 2

Levels Two

Property SubType Apartment

County Orleans

Property Type Residential Income

Energy Efficient Windows

Garage Y/N 1

Total Rooms 0

Status Active

City New Orleans

Buyer Agent Compensation 2.5

Total Units 0

Street Name CHEF MENTEUR

Home Warranty Y/N 0

Property Condition Very Good Condition

Days on Market 0

Standard Status Active

Property Sub Type Additional Apartment

Buyer Agent Compensation Type %

Legal Description 1. SQ GENTILLY RD LEFT SIDE CHEF MENTEUR TO 2. L & N R R LOT R 80X386/382 3. LOT K 98X391/386

Exterior

Parking Features Garage Off Street

Lot Features 1 to 5 Acres City Lot

Water Source Public

Lot Size Area 3.12

Foundation Details Slab

Lot Dimensions 80X386

Lot Size Acres 3.12

Interior

Air Conditioning Y/N 1

Heating Y/N 1

Full Baths 46

Half Baths 1

Street Suffix Highway

Laundry Features Coin-operated

Total Bedrooms 92

* Excluded Features

List By

Collab Realty, Llc

Broker

berry@collabrealty.com

Affordability Calculator

$20,607

Per Month

Monthly Principal & Interest: $20,607
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in New Orleans, LA

Average List Price ^$529,090

Percent of Sale Price 82%

About New Orleans, LA

392,550 Population

-19% Since 2002

^$41,421 Median Income

36.4 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

476401 Elementary School

475975 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/1/2024	$2,950,000		Listed Price

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8520 Chef Menteur Highway, New Orleans, LA, 70127 is a Multi-Family Home for sale at $2,950,000 with 43,000 sqft and a lot size of 3.12. 8520 Chef Menteur Highway has 92 bedrooms, 46.1 baths, and was built in 1968. The property's zip code is 70127 which is in New Orleans, LA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the New Orleans Metropolitan Assn. of REALTORS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the New Orleans Metropolitan Assn. of REALTORS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/28/2024.

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8520 Chef Menteur Highway

Multi-Family Home for sale in New Orleans, LA

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