1500 Madison Street
Gretna, LA 70053

Great opportunity to own a 7-unit multifamily property in Gretna with plenty of upside for investors. This one-story cinder block building includes four 2-bedroom, 1-bath units, one 2-bedroom, 1.5-bath unit, and two 1-bedroom, 1-bath units. All units feature durable tile flooring throughout for easy maintenance. Currently, 4 of the 7 units are occupied, providing immediate rental income, while the 3 vacant units offer the chance to increase cash flow by leasing them at market rates. The owner pays the water bill for the property and includes electricity in the rent for two of the units. Whether you're looking to expand your portfolio or add a value-add property with strong income potential, this is an investment worth a closer look.

Property Features