Value Add - The Maxwell

Call for offers - October 16th

The Maxwell is a 91-unit value-add multifamily community in Metairie/Fat City, near I-10, Causeway, and Veterans Boulevard. The location offers convenient access to Lakeside Shopping Center, the Veterans Memorial Boulevard retail corridor, nearby healthcare facilities, and major employment centers throughout Metairie and New Orleans.

The property is currently unoccupied, with 68 rent-ready units and 23 down units. Recent improvements include exterior updates, hard-surface flooring, and refreshed kitchens and bathrooms. Before leasing can resume, the central chiller must be replaced and the related electrical work completed. A new owner can address the central plant work, complete the remaining unit renovations, and begin leasing the community. The property’s scale, completed improvements, and current vacancy provide a strong value-add opportunity through capital improvements, lease-up, and stabilization.

Can be purchased individually or as a package with The Rylan, which is a 52-unit community located 0.3 miles away at 3105 Edenborne Ave. Listing link: https://lacdb.resimplifi.com/listings/11097a36-valueadd-the-rylan