Fully Stabilized Class A 37-Unit Multi-Family

Highlights:

• 37 units (100% occupied); 3-story w/ elevator
• Full renovation in 2022
• On-site parking and laundry
• 24% Revenue growth in 2024, strong long-term market fundamentals

Description:

Fully stabilized multi-family property in growing Jefferson Parish submarket, anchored by Ochsner Medical Center. 100% occupancy and very strong revenue growth that will accelerate when Ochsner's children's hospital and neuroscience center are complete.

The Studio Arms property is located in the vibrant and diverse community of Jefferson, LA (Old Jefferson). It is situated within easy reach of Downtown New Orleans, Elmwood, and the Old Metairie and Veterans Avenue business districts. It is also 2.5 blocks from Ochsner's main hospital on Jefferson Hwy, making it an attractive location for Ochsner's workforce. Nearby points of interest include the Jefferson Performing Arts Society, Veteran's Memorial Square, and numerous parks, providing ample entertainment and leisure opportunities for potential residents. With its convenient proximity to city amenities and natural beauty, the location presents an appealing investment opportunity for those seeking to establish a multifamily property in a thriving community.

Natural gas for the water heaters. Everything else is electric.

Entergy

Atmos