The McEnery Company is pleased to collaborate with Ten-X Commercial in a rare opportunity to acquire a very high occupancy apartment property with remaining rental appreciation and managerial efficiency improvement. Fully occupied and high cash flow apartment assets like 6000 Chef Menteur Highway do not come available often. Similar assets in the surrounding Gentilly and New Orleans East neighborhoods have absorbed very quickly at strong pricing in recent years. The property is locally managed by the ownership, is currently at 96% percent occupancy, and monthly cash flow is in excess of $80,000 per month. For additional information on this purchase opportunity, please register at the property link here https://www.ten-x.com/commercial/listing/6000-chef-menteur-hwy-new-orleans-la-70126/1000011593/
AUCTION DATE IS OCTOBER 29, 2019
Property Tours will be available on the following dates:
September 26, 2019 (10:00am to 1:00pm)
October 10, 2019 (10:00am to 1:00pm)
October 24, 2019 (10:00am to 1:00pm)
Please contact Parke McEnery at 504-236-9542 for additional information. All formal expressions of interest should be registered through the Ten-X property link. Buyer broker’s commissions to be paid by the buyer with all other terms of the purchase subject to the Ten-X auction process.