Price reduction! Lakeland Manor is a portfolio of eight (8) adjacent fourplex apartment buildings totaling 31 units, ideally located in a quiet cul-de-sac off Bullard Avenue in New Orleans East all situated within immediate proximity, creating a cohesive and easily managed community. An additional 4plex located at 8017 Bullard next door is also for sale for total of 35 units.
Each building is a well-maintained two-story fourplex offering spacious floorplans and consistent rental demand. The layout of the portfolio, clustered around Lakeland Court with frontage on Bullard Avenue, provides operational efficiency for leasing, management, and maintenance. All buildings benefit from strong physical condition and stabilized occupancy with upside potential through rent growth.
This portfolio offers a turnkey investment in a stable, income-producing multifamily asset ideally suited for both seasoned multifamily investors seeking a reliable return profile and investors looking to scale quickly in a proven submarket.
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Listing Snapshot
Price
$2,610,000
Days On Site
133 Days
Bedrooms
62
Inside Area (SqFt)
34,100 sqft
Total Baths
46.5
Full Baths
31
Partial Baths
31
Lot Size
1.46 Acres
Year Built
1980
MLS® Number
2522884
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
5 days ago
Price changed to $2,610,000
6 days ago
Listing updated with changes from the MLS®
4 months ago
Listing first seen on site
General Features
Acres
1.46
Cross Street
Hayne, Wales
Foundation
Slab
Levels
Two
Parking
DrivewayOff StreetParking Lot
Property Sub Type
Apartment
Security
Closed Circuit Camera(s)
Sewer
Public Sewer
Style
Traditional
Water Source
Public
Interior Features
Cooling
Central Air
Heating
Central
Laundry Features
Washer Hookup
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Exterior Features
Construction Details
BrickVinyl Siding
Lot Features
Cul-De-SacCity Lot
Roof
Shingle
Listing courtesy of Bridgewater Realty Advisors, LLC
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