Reena Crawford

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11900-50 Lakeland Court
New Orleans, LA 70128

$2,450,000 - Status: Active
MLS# 2522884

PRICE REDUCTION! $32,070 per month actual gross rental income! Price reduction! Lakeland Manor is a portfolio of eight (8) adjacent fourplex apartment buildings totaling 31 units, ideally located in a quiet cul-de-sac off Bullard Avenue in New Orleans East all situated within immediate proximity, creating a cohesive and easily managed community. An additional 4plex located at 8017 Bullard next door is also for sale for total of 35 units. Each building is a well-maintained two-story fourplex offering spacious floorplans and consistent rental demand. The layout of the portfolio, clustered around Lakeland Court with frontage on Bullard Avenue, provides operational efficiency for leasing, management, and maintenance. All buildings benefit from strong physical condition and stabilized occupancy with upside potential through rent growth.This portfolio offers a turnkey investment in a stable, income-producing multifamily asset ideally suited for both seasoned multifamily investors seeking a reliable return profile and investors looking to scale quickly in a proven submarket.

Property Features

MLS#: 2522884
Zip: 70128
Subdivision:
Development:
Property Type: Multi Unit - Multiple
Number of Units: 31
Cooling: Central Air
Days on Site: 19
Heating: Central
Home Style: Traditional
Lot Size: 1.46 acres
Year Built: 1980

Feature Descriptions

Exterior: Brick, Vinyl Siding
Laundry: Electric Dryer Hookup, Washer Hookup
Lot Description: Cul-De-Sac
Lot Dimensions: 1.46
Parcel#: per assessor
Parking: Driveway, Off Street, Parking Lot
Parking Notes: Driveway, Off Street, Parking Lot
Security: Closed Circuit Camera(s)
Sewer: Public Sewer
Units: 31
Utilities: Natural Gas Not Available
Water: Public

11900-50 Lakeland Court | MLS# 2522884

This multi-family property located at 11900-50 Lakeland Court , New Orleans, LA 70128 is currently listed for sale with an asking price of $2,450,000. Search New Orleans real estate on reenacrawford.riccire.com today.

Listed By / Shown By

Listed By

Agency Name: Bridgewater Realty Advisors
Agency Phone: 504-901-0463

Shown By

Agent Name: Reena Crawford
Agent Phone: (512) 293-1171
Agency Title: Ricci Real Estate

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AGENT INFORMATION

Ricci Real Estate Reena Crawford (512) 293-1171

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