About 11900-50 Lakeland Court
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.
Features of 11900-50 Lakeland Court
| MLS® # | 2522884 |
|---|---|
| Price | $2,767,000 |
| Bedrooms | 62 |
| Bathrooms | 62.00 |
| Full Baths | 31 |
| Half Baths | 31 |
| Square Footage | 34,100 |
| Acres | 1.46 |
| Year Built | 1980 |
| Type | Multi-Family |
| Sub-Type | Traditional, Apartment |
| Status | Active |
Community Information
| Address | 11900-50 Lakeland Court |
|---|---|
| City | New Orleans |
| County | Orleans |
| State | Louisiana |
| Zip Code | 70128 |
Amenities
| Parking | Driveway, Off Street, Parking Lot |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central |
|---|---|
| Cooling | CentralAir |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Brick, Vinyl Siding |
|---|---|
| Lot Description | 1 to 5 Acres, Cul-De-Sac, City Lot |
| Roof | Shingle |
| Construction | Brick, Vinyl Siding |
| Foundation | Slab |
Additional Information
| Days on Market | 37 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
| Listing Provided By | Bridgewater Realty Advisors, LLC |