3520-3524 Delaware Ave

Two (2) adjacent, conveniently located 3-plexes that consistently maintain 100% occupancy. Well maintained under long-term owner. 3 bedrooms, 2 full bathrooms and washer/dryer in each. Large rear grass area for shared tenant use. At current rents ($1,350/month per unit) and asking price ($929,000) investment yields a 7.21% cap rate. Seller is willing to offer financing to a qualified buyer.

• Two (2) adjacent 3-plexes sold as a package
• Each unit offers 3 bedrooms and 2 full baths with washer and dryer.
• Roofs were replaced with a pitched, asphalt shingle design in approximately 2020.
• Great location in heart of Kenner just off West Esplanade Ave., two blocks from Williams Blvd.
• Consistently maintains 100% occupancy
• At asking price and current NOI, cash on cash return is 7.21%. If monthly rents are raised to market ($1,500), return increases to 8.39%.