Rare opportunity to acquire a seven-unit multifamily investment portfolio in the heart of Metairie! Offered as a package sale, this unique assemblage includes 5811-5813 Kevin Drive, 5815 Kevin Drive (Units A, B & C), and 5817 & 5817.5 Kevin Drive. Situated on an approximately 150' x 150' site, this portfolio offers a combination of current cash flow and significant value-add potential. 5811 Kevin Drive was completely renovated following Hurricane Ida and features a 2-bedroom, 1-bathroom floorplan with private laundry. 5813 Kevin Drive offers a 3-bedroom, 1-bathroom layout and also features private laundry. 5817 Kevin Drive and 5817.5 Kevin Drive collectively offer 6 bedrooms and 3 bathrooms, with each unit featuring its own dedicated laundry area. The triplex located at 5815 Kevin Drive is currently undergoing extensive renovations by the seller, including a new roof, new HVAC systems, updated electrical wiring, new windows, and numerous additional improvements. Upon completion, the property will provide a tremendous opportunity for increased rental income and long-term appreciation. Additional features include garage/storage space and a common laundry area serving the units at 5815 Kevin. With existing income in place and substantial upside through the completion and stabilization of 5815 Kevin Drive, this portfolio is well-positioned for both seasoned and first-time investors. Conveniently located near shopping, dining, schools, and major thoroughfares. Properties to be sold as a package. Buyer to independently verify all measurements, income, expenses, occupancy, and property information.
Listed By
Agency Name: The Agency of M. Grass Group, LLC
Agency Phone: (504) 644-4127
Shown By
Agency Title: Wendy Benedetto, LLC
Agency Phone: (504) 382-7492
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5811 17 Kevin Drive , Metairie, LA 70003.
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5811 17 Kevin Drive | MLS# 2564103
This multi-family property located at 5811 17 Kevin Drive , Metairie, LA 70003 is currently listed for sale with an asking price of $799,000. Search Metairie real estate on www.wendybenedetto.com today.