$4,500,000

Gabriel Shores Multifamily Development in Kenner’s Laketown for SALE! This 1.89 acre development is uniquely situated across Williams Boulevard from the sparkling new Treasure Chest Casino and just around the corner from prestigious Gabriel Subdivision, Pontchartrain Center event venue, Chateau Country Club & Golf Course and the ever popular Coconut Beach sand volley ball courts. The three building planned development has one of three twelve unit two bedroom buildings completed and fully rented, offering an income foundation for the remaining two un-built complexes. Amenities offer secure gating all around, individual unit alarms, electric car charging stations, upscale unit features such as granite in the kitchens and baths with open floor plans (some overlooking Lake Pontchartrain) laminateplank flooring and built-in entertainment centers. The lush grounds include a pool area with outdoor kitchen and lighted paths meandering through landscaped beds including Louisiana fruit trees. The upside for the prospective owner is the already approved/permitted plans for the other two twelve unit buildings. Add to that an in-place substructure and the potential value of this property is revealed. Please call for more information or to set up a showing.