Address
2537 River Road, Jefferson, LA
Price
$ 2,500,000
Property Attributes
- MLS#2414820
- TypeIncome
- ParishJEFFERSON
- CityJefferson
- Zip70121
- Style
- Price$ 2,500,000
- Bedrooms20
- Full Bathrooms13
- Half Bathrooms3
- Sqr Footage10141
- Lot Size0.75 Acres
Data Source:
Gulf South Real Estate Information Network
Property Description
$31,750 per month in gross income from doctors, patients and others who rent these units on a 30 to 90 day basis for over 2x the rent. Introducing 2537 River Road, a value add medium term rental complex located in Jefferson, LA. This complex consists of 11 units, 9 of which are turn key, with the ability to add two additional units to maximize potential. The location on River Road is situated next to Ochsner Medical Center on Jefferson Highway. Ochsner is the stateâs largest employer as well as provides a potential tenant base of medical professionals and patients and patientsâ families needing medium term stays next to the hospital. Additionally, the surrounding area supports quick rental absorption from cash tenants. Estimates for building out two additional units as well as renovations on two existing units and including furniture for these units is approximately $125,000. All existing units come furnished with the sale. For added convenience, ample off-street parking is available, eliminating the hassle of finding a parking spot and enhancing the overall living experience. In sum, 2537 River Road represents an extraordinary investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.
| Price History | |
|---|---|
| 9/22/2023 | Listed $2,775,000 |
| 2/21/2024 | 10% - $2,500,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Roof | Shingle |
| Architectural Style | Other |
| Pool Features | None |
| Construction Materials | Vinyl Siding |
| Year Built | 1973 |
| Stories | 2 |
| Levels | Two |
| Property SubType | Apartment |
| OwnerPays | Electricity,Water |
| County | Jefferson |
| Property Type | Residential Income |
| Status | Active |
| City | Jefferson |
| Buyer Agent Compensation | 2 |
| Street Name | RIVER |
| Year Built Details | 50 |
| Property Condition | Excellent,Resale |
| Days on Market | 159 |
| Standard Status | Active |
| Property Sub Type Additional | Apartment |
| Buyer Agent Compensation Type | % |
| PostalCity | Jefferson |
| Legal Description | LOT D-1 COMP OF LOTS C D E OF ORIG LOT 3 LABARRE PLANTATION |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Heating Y/N | Yes |
| Full Baths | 13 |
| Half Baths | 3 |
| Street Suffix | Road |
| Laundry Features | Laundry Room |
| Total Bedrooms | 20 |
| LivingAreaSource | Appraiser |
Exterior Features
| Parking Features | Off Street,Three or more Spaces |
|---|---|
| Lot Features | City Lot,Rectangular Lot |
| Water Source | Public |
| Lot Size Area | 0.75 |
| Foundation Details | Slab |
| Lot Dimensions | 32740 |
| Lot Size Acres | 0.75 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 70121
Price
Visits
Year Built
Walkscore
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