1425 Monroe Street

Gretna LA 70053

12925 sq. ft.

Apartment

Currently for sale - view listing

Overview

Investment opportunity in Gretna! Woodcrest Apartments is a 31-unit multifamily portfolio consisting of 3 buildings. The low-rise properties feature durable cinder block construction, solid-surface flooring and roofs replaced in 2021. All units are configured as 1 bedroom/1 bath. The offering also includes two adjacent parcels, approximately 0.18 and 0.24 acres, providing additional flexibility and potential for the future buyer. Currently generating an annual rent roll of approximately $383,268, with a reported 2025 NOI of $253,772.99 and an in-place cap rate of 7.70%. The portfolio is offered at $3,295,000, including the adjacent parcels. Convenient Gretna location with easy access to surrounding Westbank amenities and New Orleans. Excellent opportunity to acquire an established income-producing multifamily asset with additional land included.

Features

31 bedrooms

31 bathrooms

12925 sq. ft. floor area

Apartment

Property history for 1425 Monroe Street

2022

Sold

Undisclosed

13 Jan 2022

Happy sellers in Gretna

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Local market activity for 31 bedroom apartments in Gretna

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

BLAINE TATJE

at Forte Realty, LLC

View listing

Sales:: (619) 566-0008

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