23
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$550,000
Est. payment /mo
4,800 SqFt
Price Dropped by $25K
1200 E JUDGE PEREZ DR Chalmette, LA 70043
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $114
MLS Listing ID 2466998
HOA Y/N No
Year Built 1974
Property Description
A notable commercial/residential property is situated at the corner of E. Judge Perez and Palmisano, right across from Chalmette High School. The commercial space on the ground floor is rented to a restaurant for a gross of $2,700. Above, there are three (3), two-bedroom/one-bath apartments, each with market rents of $1,000. Family members occupy some of the residential units at abated rates.
This attractive property features high visibility, substantial improvements, a high level of maintenance (new roof 2021), and is in superb condition, offering an enviable cap rate, making it an exceptional investment opportunity.
If you're in search of that elusive positive cash flow, consider incorporating this into your portfolio immediately.
This attractive property features high visibility, substantial improvements, a high level of maintenance (new roof 2021), and is in superb condition, offering an enviable cap rate, making it an exceptional investment opportunity.
If you're in search of that elusive positive cash flow, consider incorporating this into your portfolio immediately.
Location
State LA
County St. Bernard
Zoning C-1
Interior
Fireplace No
Exterior
Parking Features Driveway, Off Street, Three or more Spaces
Water Access Desc Public
Accessibility Accessibility Features
Building
Lot Description Corner Lot, Outside City Limits, Rectangular Lot
Dwelling Type Mixed Use
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Living Quarters
Others
Tax ID 45910120012A
Special Listing Condition None
Listed by Realty Resources, Inc.
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