USALATerrytown913 W Monterey Ct
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$1,150,000

For Sale

5 days ago

913 W Monterey Ct, Terrytown, LA

House

MLS® 2571072

6 Bed

0 Bath

850 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 850 sqft
Garage 
Taxes 
Days Active 5
Lot Size 0.3106 Acres
Approx. Age 1980
Avg. Price Per Sqft $1,352
MLS® Number 2571072

Property Address: 913 W Monterey Ct, Terrytown, LA, 70056-4662

Average square foot calculated using Size range provided by listing agent.

Description

Three detached four-plex buildings totaling 12 units at 913, 917 and 929 West Monterey Court boast strong in-place cash flow and operational stability. The property consists of 12 units, 9 occupied and 4 vacant, with two vacancies at 913 and two at 917 carried below at market rent, presenting a clear lease-up opportunity for a new owner. Additional revenue can be made from on-site laundry. Renovated in 2024, the property features updated electrical, plumbing, roofing, and window systems, contributing to reduced maintenance and long-term durability. Each unit is individually metered for electricity, enhancing expense control and operational efficiency. The gross building area is appoximately 16, 538 sf with 16 off-street parking spaces, and also located in a favorable Flood Zone X where flood insurance is typically not required. A purchaser has the ability to purchase a stabilized asset and continue to raise rents to meet the market, improving the cap rate to 10% plus. Each 4 plex can be purchased separately or can be purchased as a package deal.
MLS® Number2571072
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1980
Basement
DrivewayAssigned, Off Street, One Space
Garage Spaces
HeatCentral
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 5, 2026List Date
$1,150,000List Price
  • Commute

Commute

Starting Address
Destination Address
913 W Monterey Ct, Terrytown, LA

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