Multifamily
MacArthur Place
4601 MacArthur Blvd, New Orleans, LA 70131
Listing Price: $4,250,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of MacArthur Place, a 48-unit apartment community located just 10 minutes from Downtown New Orleans. Fully renovated in 2007, the property offers modern systems, minimal deferred maintenance, and a proven history of near-full occupancy. Investors benefit from immediate 9% day-one cash-on-cash returns with the opportunity to further enhance income by implementing a utility bill-back program and activating the central courtyard for new amenities.
Listing Price: $4,250,000
Investment Highlights
- 9% day-one cash-on-cash return with strong in-place income
- Add RUBS to shift utility costs and meaningfully boost NOI
- Courtyard activation offers revenue upside through enhanced resident appeal
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of MacArthur Place, a 48-unit apartment community located just 10 minutes from Downtown New Orleans. Fully renovated in 2007, the property offers modern systems, minimal deferred maintenance, and a proven history of near-full occupancy. Investors benefit from immediate 9% day-one cash-on-cash returns with the opportunity to further enhance income by implementing a utility bill-back program and activating the central courtyard for new amenities.
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