130002 Allo Ave Marrero, LA 70072
Property details
About 130002 Allo Ave
THIS RARE AND UNIQUE OPPORTUNITY IS TRULY BEST IN ITS CLASS. A SOLID ALL-BRICK 7-UNIT APARTMENT BUILDING, ALONG WITH A SEPARATE SINGLE-FAMILY HOME ON THE SAME CORNER LOT DELIVERS 8- FULLY RENTABLE UNITS. IT'S THE PERFECT UPGRADE TO INCREASE THE NUMBER OF UNITS YOU OWN BY UTILIZING A 10-31 EXCHANGE OR TO RECAPITALIZE YOUR PROPERTIES. IT'S AN IDEAL LOCATION FOR LOW VACANCY RATES AND TOP-OF-THE-MARKET RENTS. AT THE CORNER OF 13TH STREET AND ALLO AVENUE, IT'S A PREDOMINANTLY SINGLE FAMILY HOME NEIGHBORHOOD. JUST A FEW BLOCKS BEHIND WEST JEFF HOSPITAL THE BUILDING IS APPROXIMATELY 4,392 SQ. FT. THE SEVEN UNITS CONSIST OF FIVE STUDIO APARTMENTS, ONE 1-BEDROOM, AND ONE 2-BEDROOM. THE DETACHED HOUSE (UNIT E) IS APPROXIMATELY 792 SQ. FT. ALL UNITS ARE CURRENTLY OCCUPIED. THIS PROPERTY HAS A HISTORICALLY LOW VACANCY RATE DUE TO ITS LOCATION AND RENT VALUE. THE CURRENT CASH FLOW IS $6,535 WITH PROJECTED RENTS UP TO $8,185 AFTER A SLIGHT INCREASE OF EACH UNIT. THE TENANT AMENITIES INCLUDE BALCONIES ON THE SECOND FLOOR APARTMENTS, CENTRAL AIR & HEAT, ON-SITE COIN OPERATED WASHER/DRYER ROOM, AND A PARKING LOT. EACH UNIT HAS ITS OWN ELECTRIC METER, (EXCEPT UNIT H). WHILE THE WATER IS ON A SINGLE METER AND IS PAID BY THE OWNER (APPROX. $400 A MONTH). THERE IS NO GAS SERVICE TO THE BUILDINGS. THE ROOF WAS REPLACED AFTER HURRICANE IDA IN 2021. IT IS AN "X" FLOOD ZONE - THE SELLER DOES NOT HAVE A FLOOD POLICY. THE SELLER MAY CONSIDER BOND-FOR-DEED TERMS WITH A SUBSTANTIAL DOWN PAYMENT, A BALLOON PAYMENT, AND A SHORT FINANCE PERIOD WITH AN INTEREST RATE OR AT LEAST 1% HIGHER THAN WHAT A BANK WOULD GIVE A QUALIFIED BUYER. THE SELLER REQUESTS THAT ALL BUYERS PROVIDE PROOF OF FUNDS OR A LETTER OF LOAN PRE-APPROVAL BEFORE SCHEDULING A SHOWING OF THE UNITS. THE CURRENT RENTAL RATES ARE PROVIDED IN THE LISTING BELOW AND THE PROJECTED RENTS ARE AVAILABLE UPON REQUEST ALONG WITH THE ESTIMATED MONTHLY OPERATING EXPENSES. THERE IS NO 'FOR SALE' SIGN ON THE PROPERTY.
Highlights
Summary
- Full Bathrooms: 9
- Total Bedroom Count: 9
- Parking: Off Street, Parking Lot
- Exterior: Balcony
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air
- List Price: $850,000
- Price/SqFt: $165
- Lot: Corner Lot, City Lot, Rectangular Lot
- Directions: WB Expressway to Medical Center Blvd, S. to 13th St turn left to Allo (Corner lot)
- Year Built: 1970
- Stories: 2
- Living Area: 5,131 SqFt
- Lot Size: 0.2259 Acres
- MLS Number: 2490326
- MLS Name: NOMAR
- Office Name: RE/MAX N.O. Properties
- Office Phone: (504) 866-7733
- Office Email: remaxno@gmail.com
- Listing Agent: Luke Jones
- Agent Phone: (504) 905-9101
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Last updated on: 7/12/2025, 5:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Nearby schools
6
Ella C. Pittman Elementary School
Public District PK-5
0.4 mi
•3800 13th St
6
Laureate Academy Charter School
Public Charter PK-6
1.1 mi
•2115 Oakmere Dr
7
Bonella A. St. Ville Elementary School
Public District PK-5
1.3 mi
•1121 Pailet Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $50,922. Most Marrero, LA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Horse Races
Extreme Sports
Pro Boxing
Where do the neighbors shop?
Stein Mart
Sam's Club
Family Dollar
Where do the neighbors go to eat?
LongHorn Steakhouse
White Castle
Golden Corral
What do the neighbors drive?
Buick
Oldsmobile
Chevrolet
What do the neighbors listen to?
Contemporary Inspirational
Rock
Adult Standards
Frequently asked questions
Living in Marrero, LA
Marrero's transportation infrastructure supports both private and public transit options, with several main roads and highways facilitating easy travel to surrounding areas. Public transportation services are available, providing connections to key destinations within the community and beyond. The area's walkability varies, with certain neighborhoods offering more pedestrian-friendly environments than others. While specific ride-sharing services are operational in the area, residents also have access to traditional taxi services. Ongoing improvements to roads and public transit are part of the community's commitment to enhancing accessibility and reducing commute times.
The community is served by a number of public schools, ensuring educational opportunities for children of all ages. Healthcare needs are met by local clinics and nearby hospitals that offer a range of services from emergency care to specialized treatments. Marrero also features a selection of retail and dining options that cater to the tastes and needs of its residents, with local businesses reflecting the character of the area. The community is attentive to the evolving needs of its population, with city initiatives aimed at enhancing services to accommodate growth and demographic shifts.
Marrero is known for its suburban charm and a strong sense of community. The area prides itself on its family-friendly atmosphere and the presence of several parks and recreational facilities that contribute to the quality of life for its residents. Local events and festivals throughout the year highlight the cultural vibrancy and collective spirit of the community.
Marrero's housing market is diverse, offering a range of options from single-family homes to multi-family residences. The architectural styles vary, with a mix of traditional, ranch, and cottage designs prevalent throughout the area. A significant portion of the housing stock was built in the latter half of the 20th century, reflecting a period of growth and development. The homeownership rate in Marrero is robust, with a majority of residents owning their homes, while a smaller percentage are renters.
About 130002 Allo Ave
The listing price of 130002 Allo Ave property is $850,000.
The property 130002 Allo Ave is a condo located in Marrero, Louisiana, 70072.
Active Listing: 130002 Allo Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 130002 Allo Ave are: Ella C. Pittman Elementary School (GreatSchools Rating 6/10), Laureate Academy Charter School (GreatSchools Rating 6/10), Bonella A. St. Ville Elementary School (GreatSchools Rating 7/10), L. H. Marrero Middle School (GreatSchools Rating 5/10), Lincoln Elementary School for the Arts (GreatSchools Rating 4/10), Harry S. Truman School (GreatSchools Rating 3/10), John Ehret High School (GreatSchools Rating 3/10), West Jefferson High School (GreatSchools Rating 4/10), Jcfa (GreatSchools Rating 1/10).
The property at 130002 Allo Ave has 9 bedrooms and 9 bathrooms.
The property 130002 Allo Ave is 5,131 SqFt (source: MLS/tax record).
The year of construction for 130002 Allo Ave is 1970.
This home is located at 130002 Allo Ave in Marrero, LA and zip code 70072. This 5,131 square foot home, which was built in 1970, sits on a 0.23 acre lot. Features: 9 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since March 7, 2025 and is currently priced at $850,000.
While more than 9 listings in Marrero, LA in June 2025 were sold above asking price, there were more than 5 listings sold at asking price, and more than 20 were sold below. The inventory of homes for sale in Marrero, LA between May and June 2025 increased by 4.4%. The median list price of listings available in June 2025 was $219,000, while the average time on the real estate market was 48 days.