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$ 3,295,000
Est. payment /mo
New
1425 MONROE ST Gretna, LA 70053
31 Beds
31 Baths
12,925 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 12,925 sqft
Price per Sqft $254
MLS Listing ID 2576731
Style Other
Bedrooms 31
Full Baths 31
Construction Status Very Good Condition
HOA Y/N No
Year Built 1980
Property Sub-Type Apartment
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.
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.
Location
State LA
County Jefferson
Interior
Heating Window Unit
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features None
Pool None
Water Access Desc Public
Roof Type Asphalt,Shingle
Building
Lot Description Corner Lot, City Lot, Oversized Lot
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories One
Construction Status Very Good Condition
Others
Tax ID 0100002780
Special Listing Condition None
Listed by Forte Realty, LLC
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