3005 LAKE VILLA Drive, Metairie, LA 70002
Other
NZD $1,241,911
USD $699,000
Published on: 24 Oct 2026
Last updated on: 02 Nov 2026
Property ID: 110120741009
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Commercial Sale, Metairie, LA
3005 LAKE VILLA Drive, Metairie, LA 70002
INVESTMENT OPPORTUNITY IN METAIRIE! Great 6 plex in wonderful location. Six units consisting of five -2 bedroom, 1 bath and one- 1 bedroom/ 1 bath unit. The 1 bedroom is currently the manager's unit. Currently UNDER RENTED at $6,125. monthly, can get more (ProForma Rent $7400.). Tenants currently pay electric, owner pays water. Coin operated washers and dryers on site ($350 monthly income). Located rear of building. Each unit has an assigned parking lane which holds 2 cars each.All underground plumbing has been replaced a few years ago. Easy access to interstate, Veterans Hwy, bus stops, restaurants, groceries, etc... Flood Insurance $1689. / Current Property Insurance $10,165. / Liability $1400.Gross rental income: $6125 per month/ $73,500 annually ($77,100 yr w/ coin operated laundry) 7.76% cap rate. Pro forma rental income: $7,400 per mo rent plus laundry $7700 mo/ $92,400 annually/ 9.95% pro forma cap rate.
Property Details
Basic Info
Outdoor Feature
Basic Info
Property Type
Other
Listing Status
Active
Land Size
627.26 m2
Building Size
425.50 m2
Year Built
1975
Num Floors
2
County
Jefferson
Parcel ID
0820030953
Provider
ROAM MLS
Brokerage Office Name
HODC LLC dba Keller Williams Realty New Orleans
Brokerage Office Phone
(504) 862-0100
Address
3005 LAKE VILLA Drive, Metairie, LA 70002
Contact Agent
Lori Scott
Keller Williams Realty NO
8601 Leake Ave. , New Orleans, LA 70118
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Lori Scott
8601 Leake Ave. , New Orleans, LA 70118
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Property ID: 110120741009
Original Property ID: 3yd-ROAMLA-2554072Data provided by ROAM MLS, MLS #: 2554072
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