Listed by Marcus & Millichap - Baton Rouge
Unpriced
City heights garden lane
Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 207,012
Units 261
Occupancy 95%
Year Built 1971
Stories 2
Acreage 6.000
Parking Spaces 300 spaces
Multifamily | 261 Units
Marketing description
Marcus & Millichap is pleased to present the exclusive offering of City Heights Garden Lane, a 261-unit garden-style multifamily asset located in Gretna, Louisiana. Just minutes from downtown New Orleans and the Crescent City Connection, the property sits within close proximity to major employment hubs, including Ochsner Health, Elmwood Business Park, and the Westbank’s expansive retail corridor. Originally built in 1971, Garden Lane has demonstrated strong operational performance and offers an attractive value-add opportunity through light interior renovations and strategic amenity upgrades. With average inplace rents well below the competitive set, investors have the ability to reposition the asset to unlock rent premiums and drive NOI growth in a high-demand submarket.
Listing Contacts
Listed by Marcus & Millichap - Baton Rouge
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
