Owned this property for 2 decades. Always stays 100% with a waiting list. Big value add play (rents 30% under market rates). Complete overhaul in 2006 and then Cap X as needed. Recently replaced 2 roofs. Long term/experienced staff. Stable Metairie market has remained high occupancy for decades. Freddie Mac loan ($6 mil balance @ 4.6%) can be assumed or paid off. Property is in an Enterprise Zone and also qualifies for the Restoration Tax Abatement program. Jefferson Parish district police department a few doors down the street.