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Text Content

 * Mark VII
 * Gallery
 * Location Map
 * Amenities
 * Team
 * In Association With
 * Contact Us
 * More
 * CA / Doc Center


MARK VII NEW ORLEANS, LA

Access CA / Doc Center


MARK VII


ADDRESS

4508 Papania Dr
New Orleans, LA 70127


SUMMARY

 * Units: 68
 * Built: 1965


INVESTMENT HIGHLIGHTS

 * Proven Value-Add via Affordable Housing Programs – 34% Implemented!
 * Significant Utility Reimbursement Upside
 * Value-Add via Low-Flow Utility Savings
 * Major Infrastructure Projects in Immediate Submarket
 * Declining Crime Rate in New Orleans
 * Zero New Supply in Immediate Submarket
 * Strategic Location Near HWY 90, NASA, & Boeing
 * Prospective Market Growth via Hydrogen Energy Development




Proven Value-Add via Affordable Housing Programs – 34% Implemented!

Mark VII offers 34% of its units leased to residents through the STARR program,
a local voucher-based initiative designed to place qualified tenants. The
program’s rigorous screening process can take over a year for residents to be
approved, ensuring a reliable tenant pool. With rent 100% guaranteed, the
program not only minimizes delinquency but also helps achieve high rent levels,
providing a consistent and dependable income stream for property owners.

Significant Utility Reimbursement Upside

The STARR program offers valuable support by funding electric reimbursements for
each resident placed through the program. 23 residents currently enrolled pay at
least $175 per unit per month for electric reimbursements, generating 100%
guaranteed, government-funded revenue. Once the property is fully stabilized,
this will result in over $142,000 in annual income for electric reimbursement
alone. Additionally, most residents pay a $35 water and sewer fee, which
presents an opportunity to easily extend this charge to the remaining units,
further enhancing revenue.

Value-Add via Low-Flow Utility Savings

Investing approximately $48,000 in low-flow fixtures at the property is
projected to reduce water, sewer, and electric expenses by $25,505 annually,
cutting overall utility costs by 30.9%. With a payback period of less than two
years, this investment generates an attractive unlevered ROI on capital.
Implementation is quick and seamless, with no impact on residents, and it also
brings positive environmental benefits. For more information or an introduction
to third-party vendors, reach out to MMG for details!


GALLERY


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 * Education
 * Health & Fitness
 * Restaurants
 * Major Shopping
 * Entertainment
 * Grocery
 * Other


AMENITIES


TENANT SERVICES



UNIT AMENITIES



 * Spacious Living Rooms
 * Balcony Access
 * Central Air
 * Stove w/ Oven
 * Refrigerator



COMMUNITIES AMENITIES



 * Controlled-Access Gate
 * Clubhouse
 * Laundry Facility
 * Ample Parking
 * Greenspace/Courtyard




TEAM


BROKERAGE TEAM



When evaluating your options for a partner to assist with the sale of your
multifamily asset, there are a number of factors you may consider. From
experience and market knowledge to marketing prowess and ongoing support, each
plays an integral role in creating a positive experience and a profitable
outcome. Yet the one competency you may never have considered could be the one
that matters most: the ability to move capital across markets efficiently and
effectively.

 

 

 

MMG possesses a unique combination of talent, resources, expertise, and access
that delivers an elevated experience from acquisition to disposition. Discover
the benefits of a partnership with us.



DAVID HUEY

Senior Director
MMG REA
813.909.6259 david.huey@mmgrea.com

BRETT SANCHEZ

Associate Advisor
MMG REA
901.409.2338 brett.sanchez@mmgrea.com

BRETT MEINZER

Managing Director
MMG REA
816.516.8515 brett.meinzer@mmgrea.com

KYLE WINSTON

Senior Advisor
MMG REA
913.375.8254 kyle.winston@mmgrea.com

BRAD MADISON

Structured Finance Advisor
MMG REA
660.868.0519 brad.madison@mmgrea.com

TANNER WYCOFF

Director of Structured Finance
MMG REA
785-331-8123 tanner.wycoff@mmgrea.com

SCOTT REID

In Association With ParaSell, Inc.
949.924.6578 scott@parasellinc.com

ALEX BLAGOJEVICH

Executive Managing Director/Founding Partner
MMG REA
773.899.0391 alex.blagojevich@mmgrea.com

MICHAEL SULLIVAN

Executive Managing Director/Founding Partner
MMG REA
913.484.7923 michael.sullivan@mmgrea.com


IN ASSOCIATION WITH

Scott Reid ParaSell, Inc. Louisiana Broker License: #BROK.995705727-ACT


GET IN TOUCH

Address

MMG Real Estate Advisors

601 Westport Road

Kansas City, MO 64111

 * 



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