1300 02 Allo Avenue
Marrero, LA 70072
Map
- 9 beds
- 9 baths
- 5,131 sqft
- $165 per sqft
- 1970 build
THIS RARE AND UNIQUE OPPORTUNITY IS TRULY BEST IN ITS CLASS. A SOLID ALL-BRICK 7-UNIT APARTMENT BUILDING, ALONG WITH A SEPARATE SINGLE-FAMILY HOME ON THE SAME CORNER LOT DELIVERS 8- FULLY RENTABLE UNITS. IT'S THE PERFECT UPGRADE TO INCREASE THE NUMBER OF UNITS YOU OWN BY UTILIZING A 10-31 EXCHANGE OR TO RECAPITALIZE YOUR PROPERTIES. IT'S AN IDEAL LOCATION FOR LOW VACANCY RATES AND TOP-OF-THE-MARKET RENTS. AT THE CORNER OF 13TH STREET AND ALLO AVENUE, IT'S A PREDOMINANTLY SINGLE FAMILY HOME NEIGHBORHOOD. JUST A FEW BLOCKS BEHIND WEST JEFF HOSPITAL THE BUILDING IS APPROXIMATELY 4,392 SQ. FT. THE SEVEN UNITS CONSIST OF FIVE STUDIO APARTMENTS, ONE 1-BEDROOM, AND ONE 2-BEDROOM. THE DETACHED HOUSE (UNIT E) IS APPROXIMATELY 792 SQ. FT. ALL UNITS ARE CURRENTLY OCCUPIED. THIS PROPERTY HAS A HISTORICALLY LOW VACANCY RATE DUE TO ITS LOCATION AND RENT VALUE. THE CURRENT CASH FLOW IS $6,535 WITH PROJECTED RENTS UP TO $8,185 AFTER A SLIGHT INCREASE OF EACH UNIT. THE TENANT AMENITIES INCLUDE BALCONIES ON THE SECOND FLOOR APARTMENTS, CENTRAL AIR & HEAT, ON-SITE COIN OPERATED WASHER/DRYER ROOM, AND A PARKING LOT. EACH UNIT HAS ITS OWN ELECTRIC METER, (EXCEPT UNIT H). WHILE THE WATER IS ON A SINGLE METER AND IS PAID BY THE OWNER (APPROX. $400 A MONTH). THERE IS NO GAS SERVICE TO THE BUILDINGS. THE ROOF WAS REPLACED AFTER HURRICANE IDA IN 2021. IT IS AN "X" FLOOD ZONE - THE SELLER DOES NOT HAVE A FLOOD POLICY. THE SELLER MAY CONSIDER BOND-FOR-DEED TERMS WITH A SUBSTANTIAL DOWN PAYMENT, A BALLOON PAYMENT, AND A SHORT FINANCE PERIOD WITH AN INTEREST RATE OR AT LEAST 1% HIGHER THAN WHAT A BANK WOULD GIVE A QUALIFIED BUYER. THE SELLER REQUESTS THAT ALL BUYERS PROVIDE PROOF OF FUNDS OR A LETTER OF LOAN PRE-APPROVAL BEFORE SCHEDULING A SHOWING OF THE UNITS. THE CURRENT RENTAL RATES ARE PROVIDED IN THE LISTING BELOW AND THE PROJECTED RENTS ARE AVAILABLE UPON REQUEST ALONG WITH THE ESTIMATED MONTHLY OPERATING EXPENSES. THERE IS NO 'FOR SALE' SIGN ON THE PROPERTY.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jun 25, 2025
•
MLS# 2490326 —
The Building
-
Year Built:1970
-
Construction Materials:Brick
-
Architectural Style:Traditional
-
Building Area Source:Measured
-
Roof:Asphalt, Shingle
-
Foundation:Slab
-
Exterior Features:Balcony
-
Patio Features:Balcony
-
Levels:Two
-
Stories:2
Interior
-
Living Area:5131
-
Living Area Source:Measured
-
Laundry Features:Laundry Room
Financial & Terms
-
Home Warranty:No
Location
-
Directions:WB Expressway to Medical Center Blvd, S. to 13th St turn left to Allo (Corner lot)
-
Cross Street:13th St. Avenue A, 14th St.
The Property
-
Parcel Number:0410000143
-
Property Type:Residential Income
-
Property Subtype:Apartment
-
Property Subtype Additional:Apartment
-
Property Condition:Very Good Condition
-
Lot Features:Corner Lot, City Lot, Rectangular Lot
-
Lot Size Area:0.2259
-
Lot Size Acres:0.2259
-
Lot Size Dimensions:80 x 124
Listing Agent
- Contact info:
- Agent phone:
- (504) 866-7733
- Office phone:
- (504) 866-7733
Taxes
-
Tax Legal Description:LOT 1 MEAS 40 X 40.01 X 123.78 X 123.42 SQ 19 LOT 2 MEAS 40 X 40 X 123.78 X 124.14 SQ 19 ALLO SUB 10759823 11026942
Beds
-
Bedrooms Total:9
Baths
-
Full Baths:9
The Listing
-
Current Price:$850,000
-
Special Listing Conditions:None
Heating & Cooling
-
Heating:Central
-
Heating:Yes
-
Cooling:Central Air
-
Cooling:Yes
Utilities
-
Sewer:Public Sewer
-
Water Source:Public
The Community
-
Pool Features:None
Parking
-
Parking Features:Off Street, Parking Lot
Extra Units
-
# of Units Total:8
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/24/25
Apr 24, 2025
|
Price Changed | GSREIN | $850,000 | -8.5% |
|
3/7/25
Mar 7, 2025
|
Listed / Active | GSREIN | $929,000 |
