7 months on rocket

2537 River Rd, Jefferson, LA, 70121

$2,500,000

Home List Price

$10,000*

Closing Credit

20 Bedrooms
13 Full Baths, 3 Partial
10,141 SqFt
$247/SqFt
Condo
Schools Nearby

Location

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2537 River Rd, New Orleans$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOff Street, Three or more Spaces
Year Built1970
HeatingCentral
CoolingCentral Air
MLS #2414820
Lot Size0.75 Acres
StatusActive

About 2537 River Rd

$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.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1970
  • Stories: 2
  • Living Area: 10,141 SqFt

Listing Office:

  • Office Name: Bridgewater Realty Advisors, LLC
  • Office Phone: (504) 298-8631
  • Listing Agent: Bryce Danna-Marullo
  • Agent Phone: (504) 301-5583

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 3
  • Full Bathrooms: 13
  • Total Bedroom Count: 20

Exterior Features

Parking Information:

  • Parking: Off Street, Three or more Spaces

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot
  • Lot Size: 0.75 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Riverdale High School, Public District Grades 8-12
  • Riverdale Middle School, Public District Grades 6-8
  • Jefferson Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
  • Price Per SqFt: $247/SqFt

Tax Information:

  • Annual Amount: $12,109
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in New Orleans, LA.

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New Orleans, LA

City

Med. Sold Price

$329.1K

Med. Price/SqFt

$192

Avg. Days On Market

67

# of Sold Homes

279

2537 River Rd vs New Orleans

217 DAYS ON ROCKET

+150 Days

$2,500,000

+$2.1M More

$247/SqFt

+$55 More

KEY TAKEAWAY

This property is $2.1M more than the Median Sold Price and $55/SqFt more than other homes in New Orleans, LA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOMAR
  • MLS Number: #2414820

Listing Office:

  • Office Name: Bridgewater Realty Advisors, LLC
  • Office Phone: (504) 298-8631
  • Listing Agent: Bryce Danna-Marullo
  • Agent Phone: (504) 301-5583

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 6:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$12,109$102,500
2019$12,448$102,500
2018$11,624$102,500
2017$11,624$102,500

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1064839
6
/10

  • Jefferson Elementary School

  • 4440 Jefferson Hwy

  • 1.43 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1064840
4
/10

  • Riverdale Middle School

  • 3900 Jefferson Hwy

  • 0.86 miles

  • Public District Grades 6-8

High School

school-card-donut-1064841
8
/10

  • Riverdale High School

  • 240 Riverdale Dr

  • 0.86 miles

  • Public District Grades 8-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,462. The most common annual income of people living in New Orleans, LA is less than $35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2537 River Rd

What is the listing price of this property?

The listing price of 2537 River Rd property is $2,500,000.

What type of property is this?

The property 2537 River Rd is a condo located in Jefferson, Louisiana, 70121.

Is this property for sale now?

Active Listing: 2537 River Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2537 River Rd are:
Jefferson Elementary School: GreatSchools Rating 6/10
Riverdale Middle School: GreatSchools Rating 4/10
Riverdale High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $12,109 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2537 River Rd has 20 bedrooms and 13 full and 3 half bathrooms.

What is the square footage of this property?

The property 2537 River Rd is 10,141 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2537 River Rd is 1970.

Rocket Homes›Louisiana›Jefferson County›New Orleans›70121›2537 River Rd

This home is located at 2537 River Rd in Jefferson, LA and zip code 70121. This 10,141 square foot home, which was built in 1970, sits on a 0.75 acre lot. Features: 20 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since September 22, 2023 and is currently priced at $2,500,000.

In March 2024, from all listings sold in New Orleans, LA there were more than 30 sold above asking price, over 206 sold below and more than 43 were sold right at the asked price. In March 2024 in New Orleans, LA there were 16.8% more homes for sale than in February 2024. In March 2024 median list price was $329,132 and the average listing age was 67 days.

From Rocket Homes Real Estate and based on county public records data.

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