Bellemont Apartments

_kiv5QDA

Location

6301 Riverside Dr, Metairie, LA 70003

Asset Class

Year Built

1963

Units

291

Investment Sale

Current

Strategic location within the New Orleans MSA with close proximity to local employers and conveniences.
Large units well below market rates on both a lease rate and price per square foot basis with the ability to raise rents significantly through a valued program. Ability to acquire property in a coveted market in Jefferson parish with minimal new units constructed due to geographical barriers.
Bellemont Apartments has the opportunity to raise rents significantly to match current market comp properties. Comparable properties are within a 1-mile radius of subject site.

Contact

Stirling Investment Advisors
Chad Rigby
Phone: (225) 329-0265
Email: crigby@stirlingprop.com