This multi-family apartment complex comprises 46 two-bedroom units, presenting a compelling investment opportunity with excellent cash flow. Designed for long-term value, the property offers a comfortable living environment for residents. With a strong focus on financial growth, this complex is an attractive option for investors looking to build equity and steady rental income. Agent is a member of the LLC.
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 1968
Stories: 2
Living Area: 43,000 SqFt
Listing Office:
Office Name: Collab Realty, LLC
Office Phone: (504) 920-2970
Listing Agent: Dov Silver
Agent Phone: (504) 400-2507
Interior Features
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 46
Total Bedroom Count: 92
Exterior Features
Parking Information:
Parking: Garage, Off Street
Lot Features
Lot Information:
Lot: City Lot
Lot Size: 3.12 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
School Info
Assigned Schools Information:
McDonogh #35 College Preparatory School, Public District Grades 9-12
Eleanor Mcmain Secondary School, Public District Grades 7-12
Benjamin Franklin Elementary Math and Science, Public District Grades PK-8
Mahalia Jackson Elementary School, Public District Grades PK-2
Mary Bethune Elementary Literature/Technology, Public District Grades PK-6
Price Information
Listing Price Info
Price Summary:
List Price: $2,950,000
Price Per SqFt: $69/SqFt
Tax Information:
Annual Amount: $24,380
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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Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 22, 2021
Jul 22, 2021Home Sold
$2,200,000
May 07, 2018
May 07, 2018Home Sold
$1,800,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$24,380
$167,700
2019
$15,194
$100,570
2018
$15,496
$100,570
2017
$14,796
$100,570
History based on county public records data.
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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
2
/10
Mahalia Jackson Elementary School
2405 Jackson Ave
Distance between this listing and this school7.72 miles
Public District Grades PK-2
5
/10
Mary Bethune Elementary Literature/Technology
4040 Eagle St
Distance between this listing and this school8.12 miles
Public District Grades PK-6
Middle School
4
/10
Benjamin Franklin Elementary Math and Science
1116 Jefferson Ave
Distance between this listing and this school9.88 miles
Public District Grades PK-8
High School
2
/10
McDonogh #35 College Preparatory School
1331 Kerlerec St
Distance between this listing and this school5.59 miles
Public District Grades 9-12
4
/10
Eleanor Mcmain Secondary School
5712 S Claiborne Ave
Distance between this listing and this school8.96 miles
Public District Grades 7-12
Assigned Schools
2
/10
Mahalia Jackson Elementary School
2405 Jackson Ave
Distance between this listing and this school7.72 miles
Public District Grades PK-2
5
/10
Mary Bethune Elementary Literature/Technology
4040 Eagle St
Distance between this listing and this school8.12 miles
Public District Grades PK-6
Nearby Schools
6
/10
Arabi Elementary School
7200 Alexander Ave
Distance between this listing and this school3.87 miles
Public District Grades PK-5
Assigned Schools
4
/10
Benjamin Franklin Elementary Math and Science
1116 Jefferson Ave
Distance between this listing and this school9.88 miles
Public District Grades PK-8
Nearby Schools
10
/10
Lake Forest Elementary Charter School
12000 Hayne Blvd
Distance between this listing and this school3.24 miles
Public Charter Grades KG-8
3
/10
Robert Russa Moton Charter School
3774 Gentilly Blvd
Distance between this listing and this school3.73 miles
Public Charter Grades PK-7
Assigned Schools
2
/10
McDonogh #35 College Preparatory School
1331 Kerlerec St
Distance between this listing and this school5.59 miles
Public District Grades 9-12
4
/10
Eleanor Mcmain Secondary School
5712 S Claiborne Ave
Distance between this listing and this school8.96 miles
Public District Grades 7-12
Nearby Schools
10
/10
Benjamin Franklin High School
2001 Leon C Simon Dr
Distance between this listing and this school4.73 miles
The neighbors living near this home have an average income of $24,091. Typical income of New Orleans, LA residents is less than $35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8520 Chef Menteur Hwy
What is the listing price of this property?
The listing price of 8520 Chef Menteur Hwy property is $2,950,000.
What type of property is this?
The property 8520 Chef Menteur Hwy is a condo located in New Orleans, Louisiana, 70127.
Is this property for sale now?
Active Listing: 8520 Chef Menteur Hwy is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 8520 Chef Menteur Hwy are: Mahalia Jackson Elementary School: GreatSchools Rating 2/10Mary Bethune Elementary Literature/Technology: GreatSchools Rating 5/10Benjamin Franklin Elementary Math and Science: GreatSchools Rating 4/10McDonogh #35 College Preparatory School: GreatSchools Rating 2/10Eleanor Mcmain Secondary School: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $24,380 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 22, 2021 for $2,200,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 8520 Chef Menteur Hwy has 92 bedrooms and 46 full and 1 half bathrooms.
What is the square footage of this property?
The property 8520 Chef Menteur Hwy is 43,000 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 8520 Chef Menteur Hwy is 1968.
Interested in 8520 Chef Menteur Hwy? Let's connect.
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This home is located at 8520 Chef Menteur Hwy in New Orleans, LA and zip code 70127 in the New Orleans East Area neighborhood. This 43,000 square foot home, which was built in 1968, sits on a 3.12 acre lot. Features: 92 bedrooms, 47 bathrooms. It has been listed on Rocket Homes since March 01, 2024 and is currently priced at $2,950,000.
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. The number of homes for sale in New Orleans, LA increased by 16.8% between February 2024 and March 2024. Listings spent 67 days on the market in March 2024, and had a median list price of $329,132 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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