1425 MONROE ST, Gretna, LA 70053
1425 MONROE ST, Gretna, LA 70053
1425 MONROE ST, Gretna, LA 70053
1425 MONROE ST, Gretna, LA 70053
1425 MONROE ST, Gretna, LA 70053
1425 MONROE ST, Gretna, LA 70053
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Shelly Paternostro

Shelly Paternostro

+1(504) 382-7777
Listed byTeam Tatje Realtors, LLC • Blaine H Tatje • 504-293-2460
$ 3,295,000
Est. payment | /mo

31 Beds

31 Baths

12,925 SqFt

Save Virtual Tour
$ 3,295,000
Est. payment | /mo
Save Virtual Tour

31 Beds

31 Baths

12,925 SqFt

Key Details

Property Type Other Types

Sub Type Multifamily 5+

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

HOA Y/N No

Year Built 1980

Lot Dimensions 124x206x128x167

Property Sub-Type Multifamily 5+

Source ROAM MLS

Land Area 12925

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.

Location

State LA

County Jefferson

Interior

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features None

Utilities Available Natural Gas Available

Garage No

Building

Lot Description Corner Lot

Foundation Slab

Water Public

Architectural Style Other

New Construction No

Others

Tax ID 0100002780

Virtual Tour https://www.propertypanorama.com/instaview/roam/2576731

ROAM MLS

NEARBY SCHOOLS & PROPERTIES

Shelly Paternostro

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
–Franklin D. Roosevelt

+1(504) 382-7777

shellypaternostro@me.com

203 Bradwall Street Luling, LA 70070, Luling, LA 70070, USA

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1425 MONROE ST