2537 RIVER Road, Jefferson, Louisiana, 70121
$2,500,000
Condo/ Townhome/ Apartment
13 ba
20 bds
10,141 Sqft
Withdrawn
$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.
Water Source : Public
Sewer : Public Sewer
Parking Features: Off Street,Three or more Spaces
Lot Features : City Lot,Rectangular Lot
Property Condition : Excellent,Resale
0 Unit(s)
Heating : Yes.
Heating System : Central
Cooling: Central Air
Construction Materials: Vinyl Siding
Foundation Details: Slab
Levels : Two
Roof Type: Shingle
Laundry Features : Laundry Room
Street Address: 2537 RIVER Road
City: Jefferson
State: Louisiana
Postal Code: 70121
County: Jefferson
MLS Number: 2414820
Year Built: 1973
Courtesy of Bridgewater Realty Advisors, LLC
Courtesy of Bridgewater Realty Advisors, LLC
