BEDS31
BATHS31 full
MLS#2576731
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Investment opportunity in Gretna! Woodcrest Apartments is a 31-unit multifamily portfolio consisting of 3 buildings. The low-rise properties feature durable cinder block construction, solid-surface flooring and roofs replaced in 2021. All units are configured as 1 bedroom/1 bath. The offering also includes two adjacent parcels, approximately 0.18 and 0.24 acres, providing additional flexibility and potential for the future buyer.Currently generating an annual rent roll of approximately $383,268, with a reported 2025 NOI of $253,772.99 and an in-place cap rate of 7.70%. The portfolio is offered at $3,295,000, including the adjacent parcels. Convenient Gretna location with easy access to surrounding Westbank amenities and New Orleans. Excellent opportunity to acquire an established income-producing multifamily asset with additional land included.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Heating: Other
Lot Size: 124x206x128x167
Year Built: 1980
Feature Descriptions
Days on Site: 5
Exterior: Block, Frame
Lot: Corner Lot
Lot Dimensions: 124x206x128x167
Parcel#: 0100002780
Parking: None
Parking Notes: None
Sewer: Public Sewer
Units: 31
Utilities: Natural Gas Available
Water: Public
Listed By / Shown By
Listed By
Agency Name: Team Tatje Realtors, LLC
Agency Phone: 504-293-2460
Shown By
Agency Title: Wurth Real Estate Services
Agency Phone: (866) 961-4414
Estimate Your Payment
Estimated Payment
$ 8,294.28 per month $7,333.24 Principal & Interest $0.00 Property Tax (data not provided by mls) $961.04 Homeowner's InsuranceChange Payment Information
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7840 Maple St.
New Orleans, LA 70118
504-866-7000
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1700 City Farm Drive
Baton Rouge, LA 70806
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1425 Monroe Street | MLS# 2576731
This multi-family property located at 1425 Monroe Street , Gretna, LA 70053 is currently listed for sale with an asking price of $3,295,000. Search Gretna real estate on www.wurthre.com today.