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Robert Hand, MBA, CCIM, SIOR
Louisiana Commercial Realty, LLC
New Orleans Commercial Property
Phone: 504-289-8172
Fax: 504-896-9097
Licensed in Louisiana & Mississippi
email: roberthand@cox.net

www.LouisianaCommercialRealty.com

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Featured Properties » 22 Single Family Homes With $200,000 Net Income


Offered for sale are 22 residential single family homes and townhomes with either 3 or 4 bedrooms and 2 bathrooms and an average of 1,200 square feet of living area on 3,100 square feet of land, all fully leased, and as of November 2011 producing approximately $200,000 income after expenses. 

The properties are recent construction, built in 2008 and 2009, and located in Algiers, Louisiana, just across the Mississippi River from the French Quarter and near Delgado University, the US Naval Support Activity Facility and Oakwood Mall Shopping Center. Within a 5 minute drive time, the household growth rate over the next 4 years is forecasted to be twice the national average. For sale at $1,075,000 plus assume 6.50% mortgage of $1,928,599 at 6.50% rate with 28 year maturity.



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