Address: 6000 Chef Menteur Highway, New Orleans, LA 70126
Gentilly Ridge Apartments at 6000 Chef Menteur Highway offers a strong multifamily investment opportunity in the Gentilly / New Orleans East submarket of New Orleans, featuring 92 units across approximately 72,312 SF of total area with a balanced mix of one- and two-bedroom floor plans. The property is currently 98% occupied and generates stabilized current NOI of approximately $39,000 per month. Built in the 1970s and fully renovated in 2024, the property includes controlled access, on-site security, laundry facilities, and 108 grade-level parking spaces, along with new sloped composite shingle roofing under warranty.
Seller has no debt on the asset and is open to a seller-financed sale.
Ownership has also recently completed significant property improvements, including 46 new two-hour fire-rated attic barriers, an enhanced perimeter security wall with key-fob access, expanded exterior lighting and camera coverage, and a newly renovated, centrally located laundry facility with new machines. Professionally managed and positioned with immediate access to public transit, Gentilly Ridge provides stable income, durable infrastructure, and strong rental demand in an enduring New Orleans market.
Full deal room and financials available upon request.
List Price: Contact Brokers
GBA: +/- 72,312 SF
Site Size: +/- 108,811 SF
# of Units: 92
Zoning: HU-RM1
For further listing information please contact Parke McEnery 504-236-9542 or Troy Hagstette 504-251-5719
