913-29 W Monterey Court, Gretna, LA 70056

Gretna
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
913-29 W Monterey Court,Gretna, LA 70056
$1,150,000
  • - Beds
  • - Baths
  • 850 sq. ft.
  • Multi-family
  • Active
Listed by: mason mccullough, bryce danna-marullo
Office: bridgewater realty advisors, llc.
MLS#:NO2571072
Source:LA_RAAMLS

Price summary

  • Price:$1,150,000
  • Price per sq. ft.:$1,352.94

About this home

Three detached four-plex buildings totaling 12 units at 913, 917 and 929 West Monterey Court boast strong in-place cash flow and operational stability. In place cap rate of 9.04%, rental income of $15,445/month (once last unit leases are signed up). The property consists of 12 units, 9 occupied and 3 vacant, with two vacancies at 913 and two at 917 carried below at market rent, presenting a clear lease-up opportunity for a new owner. Additional revenue can be made from on-site laundry. Renovated in 2024, the property features updated electrical, plumbing, roofing, and window systems, contributing to reduced maintenance and long-term durability. Each unit is individually metered for electricity, enhancing expense control and operational efficiency. The gross building area is appoximately 16,538 sf with 16 off-street parking spaces, and also located in a favorable Flood Zone X where flood insurance is typically not required. A purchaser has the ability to purchase a stabilized asset and...

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Home facts

  • Listing ID #:NO2571072
  • Added:1 day(s) ago
  • Updated:August 07, 2026 at 03:40 PM

Rooms and interior

  • Living area:850 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Heat
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Building area:850 sq. ft.
  • Lot area:0.31 Acres
  • Construction Materials:Frame
  • Foundation Description:Slab
  • Levels:2 Story

Finances and disclosures

  • Price:$1,150,000
  • Price per sq. ft.:$1,352.94

Parking

  • Parking description:Assigned

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