2205 N HULLEN STREET

NOW OFFERING AS INDIVIDUAL PURCHASES, buying as a package is optional! 2205 N Hullen St is a 18-unit multifamily property located in Metairie, LA. This value add complex consists of a mix of 2 bed 1 bath units, 2 bed 1.5 bath units and 1 bed 1 bath units with addition of a coin operated laundry room in each building. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo for the larger units. Metairie is a highly desirable market for both renters and investors alike. Multifamily properties in Metairie generally experience lower turnover and rent extremely quick and 2205/2221 N Hullen is no exception.
Property amenities include a well-kept swimming pool, laundry room in each building, washer & dryer hookups in several units, and ample parking for tenants. New roof as of 2022. Seller is now offering the ability to purchase each separate building instead of purchasing the package of 2.