2537 River Road
Jefferson, LA 70121
- 20 beds
- 14.5 baths
- 10,141 sqft
- $246 per sqft
- 1973 build
$31,750 per month in gross income from doctors, patients and others who rent these units on a 30 to 90 day basis for over 2x the rent. Introducing 2537 River Road, a value add medium term rental complex located in Jefferson, LA. This complex consists of 11 units, 9 of which are turn key, with the ability to add two additional units to maximize potential. The location on River Road is situated next to Ochsner Medical Center on Jefferson Highway. Ochsner is the state’s largest employer as well as provides a potential tenant base of medical professionals and patients and patients’ families needing medium term stays next to the hospital. Additionally, the surrounding area supports quick rental absorption from cash tenants. Estimates for building out two additional units as well as renovations on two existing units and including furniture for these units is approximately $125,000. All existing units come furnished with the sale. For added convenience, ample off-street parking is available, eliminating the hassle of finding a parking spot and enhancing the overall living experience. In sum, 2537 River Road represents an extraordinary investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.
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Last updated May 6, 2024
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MLS# 2414820 —
Walk Score®
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Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/5/24
May 5, 2024
|
Sold Subject To Contingencies | GSREIN | $2,500,000 | |
|
3/13/24
Mar 13, 2024
|
Listed / Active | GSREIN | $2,500,000 | |
|
2/28/24
Feb 28, 2024
|
Sold Subject To Contingencies | GSREIN | $2,500,000 |