8520 Chef Menteur Hwy, New Orleans, LA 70127
Commercial property for lease
- Description
- Originally constructed in the mid-1980s, Heritage House Apartments was purchased and renovated post-Hurricane Katrina and is stabilized and producing healthy cash flows.The subject was partially renovated utilizing Federal Low Income Housing Tax Credits (LIHTC), as allocated by the Louisiana Finance Agency. In order to obtain the LIHTC, ownership agreed to restrict rents on the property through December 31, 2039.Please inquire with listing agents for additional information, including offering memorandum, copy of the LIHTC Tax Credit Regulatory Agreement and financials. Building price details: $2,050,000.
- Exterior Features
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Parking Type: Surface - Contact info
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Cameron P. LombardoRE/MAX Commercial Brokers IncJonathan D ShaverRE/MAX Commercial Brokers Inc
- Note
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- Property Details
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Building Name: Heritage House Apartments Property Type: Commercial (Other) Status: Available Lot Size: 1.590 Acres Number of Stories: 2 Year Built: 1985 Year Renovated: 2012 Submarket: Low-Rise/Garden MSA: New Orleans-Metairie Zoning: BIP Buildings: 1 Construction: Brick Terms: Cash to Seller Added: 11/15/2017