8470 Morrison Rd, New Orleans, LA 70127

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Building Details:

• Year Built: 1981

8470-8480 consists of two separate two-story buildings located adjacent to each other. The building has a combination of heat and cool window units plus central. Additionally, they are sprinklered buildings, have 8' to 10' ceilings, fluorescent lighting, exterior lights, minor landscaping and had been constructed in 1981 with a built-up roof. Current occupancy is 52%.

Property Taxes: $2,260
Insurance: $16,932 (Fire) $4,156 (Flood)
Net Operating Income: $65,122
Maintenance: $2,500
Operating Expense: $33,428
Cap Rate: 10% (APOD)