Madison Gardens-Call for Offers
$1
221 North Laurel Street, Metairie, LA 70003
56,050 sqft
Building Size
2.36 acres
Lot Area
Details:
Description:
Castro Real Estate Services LLC in cooperation with Lument is pleased to represent the Seller in the disposition of Madison Gardens a 59-unit multifamily apartment community located in Metairie, LA.
Madison Gardens was built in 1965 and renovated in 2018 and 2022
and sits on a 2.36 acre site (25 units/acre). The property benefits from
a Project-Based Section 8 (HAP) contract on 100% of its units. All 59
residential units are three bedroom floor plans with a 950 square foot
unit size.
Please see attached OM
Known as the first suburb of New Orleans, Metairie sits between New Orleans’ expansive City Park and the Louis Armstrong New Orleans International Airport. Metairie is located in eastern Jefferson Parish, Louisiana, with a population of 143,507 in 2020, Metairie is the largest community in Jefferson Parish.
Documents:
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Lument - Madison Gardens - Offering Memorandum |
Location

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