8019 TRAPIER Avenue, New Orleans, LA, 70127

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$2,800,000
34 Days On Site

8019 TRAPIER Avenue
New Orleans, LA 70127

For Sale|Apartment|Active
2
Beds
1
Total Bath
1
Full Bath
62,685
SqFt
$45
/SqFt
1981
Built
County:
Orleans
Call Now: (504) 228-6500
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(504) 228-6500
8019 TRAPIER Avenue8019 TRAPIER Avenue8019 TRAPIER Avenue8019 TRAPIER Avenue
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*Seller open to Bond for Deed with 25% down, terms negotiable* Situated in the heart of the New Orleans East neighborhood, this 65-unit apartment complex offers a prime workforce and affordable housing investment opportunity with value-add potential by leasing last remaining vacant/rent ready units and repairing 3 down units. The portfolio consists of two well-positioned properties: 8019 Trapier, encompassing 48 units, and 9500 Hayne, comprising 17 units. The buildings can be purchased together or separately as a 48 and 17 unit complex. Will produce over $60,000 per month in gross rental income once fully leased and stabilized. Owners have completed all outstanding repairs since original list date (except for 3 down units they are not repairing) and currently in the midst lease-up, the occupancy went from 48% to 74% in a matter of months.

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Listing Snapshot
Price 
$2,800,000
Days On Site 
34 Days
Bedrooms 
2
Inside Area (SqFt) 
62,685 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
1.75 Acres
Year Built 
1981
MLS® Number 
2558562
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 weeks agoPrice changed to $2,800,000
2 weeks agoListing updated with changes from the MLS®
2 weeks agoStatus changed to Active
a month agoListing first seen on site
General Features
Acres 
1.75
Cross Street 
Hayne, Dinkins
Foundation 
Slab
Levels 
Two
Parking 
Parking Lot
Property Sub Type 
Apartment
Sewer 
Public Sewer
Style 
Contemporary
Water Source 
Public
Interior Features
Cooling 
Central Air
Heating 
Central
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Exterior Features
Lot Features 
City Lot
Pool Features 
None
Roof 
Shingle
Listing courtesy of Bridgewater Realty Advisors, LLC

Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.

Neighborhood & Commute
Source: Walkscore
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