$1,725,000
SOLD APR 24, 2025
Last list price
30 Beds
27 Baths
15,826 Sq Ft
0.4 Acres

Recently Sold

$109 Per Sq Ft

136 Days on Market

Highlights

  • In Ground Pool
  • Central Heating and Cooling System
  • Rectangular Lot
  • Metairie Academy For Advanced Studies Rated A-
  • Laundry Facilities

About This Home

As of April 2025

NOW OFFERING AS INDIVIDUAL PURCHASES, buying as a package is optional! 2205 N Hullen St is a 18-unit multifamily property located in Metairie, LA. This value add complex consists of a mix of 2 bed 1 bath units, 2 bed 1.5 bath units and 1 bed 1 bath units with addition of a coin operated laundry room in each building. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo for the larger units. Metairie is a highly desirable market for both renters and investors alike. Multifamily properties in Metairie generally experience lower turnover and rent extremely quick and 2205/2221 N Hullen is no exception. Property amenities include a well-kept swimming pool, laundry room in each building, washer & dryer hookups in several units, and ample parking for tenants. New roof as of 2022. Seller is now offering the ability to purchase each separate building instead of purchasing the package of 2.

Last Agent to Sell the Property

Mason McCullough

Bridgewater Realty Advisors, LLC License #995714063 Listed on: 12/09/2024

Co-Listed By

BRYCE DANNA-MARULLO

Bridgewater Realty Advisors, LLC License #995705186

Last Buyer's Agent

BRYCE DANNA-MARULLO

Bridgewater Realty Advisors, LLC License #995705186

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $328

Year Built

  • Built in 1985

Lot Details

  • Rectangular Lot
  • Property is in average condition

Home Design

  • Slab Foundation
  • Flat Roof with Façade front
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 15,826 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 30 Bedrooms

Parking

  • Parking Lot
  • Off-Street Parking

Additional Features

  • In Ground Pool
  • City Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number per assessor

Community Details

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Property Details

Home Type

Apartment

Est. Annual Taxes

$328

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 17574
  • Co List Office Mls Id: BRALLC01
  • Co List Office Phone: (504) 901-0463
  • Architectural Style: Other
  • Entry Level: 3
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 1985
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Apartment
  • Special Features: None
  • Stories: 3

Interior Features

  • Full Bathrooms: 18
  • Half Bathrooms: 9
  • Total Bedrooms: 30
  • Living Area: 15826.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Pool Features: Community, In Ground
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Property Condition: Average Condition
  • Roof: Flat, Shingle

Garage/Parking

  • Parking Features: Off Street, Parking Lot

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool

Lot Info

  • Parcel #: per assessor
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2024
Closed on
Apr 24, 2025
Sold by
Cordina Llc
Bought by
Silver Lake Estate Llc
Seller's Agent
Mason McCullough
Bridgewater Realty Advisors, LLC
Buyer's Agent
BRYCE DANNA-MARULLO
Bridgewater Realty Advisors, LLC
List Price
$1,750,000
Views
27
Current Estimated Value
$1,536,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.30%
Original Mortgage
$2,200,000
Outstanding Balance
$2,194,173
Interest Rate
6.65%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$657,435

Purchase Details

Closed on
Jun 21, 2022
Sold by
Renton Sharon E
Bought by
Cordina Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000,000
Interest Rate
5.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,530,000 None Listed On Document
Bargain Sale Deed $1,200,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,200,000 Credit Line Revolving
Previous Owner $50,000,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2025 04/24/25 Sold -- -- --
12/09/2024 12/09/24 Price Changed $1,725,000 -1.4% $109 / Sq Ft
12/09/2024 12/09/24 For Sale $1,750,000 -- $111 / Sq Ft
Source: ROAM MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $328 $83,090 $6,340 $76,750
2023 $10,930 $83,090 $6,340 $76,750
2022 $10,645 $83,090 $6,340 $76,750
2021 $9,887 $83,090 $6,340 $76,750
2020 $9,816 $83,090 $6,340 $76,750
2019 $9,648 $79,440 $6,340 $73,100
2018 $9,009 $79,440 $6,340 $73,100
2017 $9,009 $79,440 $6,340 $73,100
2016 $8,834 $79,440 $6,340 $73,100
2015 $8,544 $75,960 $6,340 $69,620
2014 $8,544 $75,960 $6,340 $69,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ROAM MLS

MLS Number: 2478838

APN: 0820014354