Live Oak Manor I & II

401 Jeffer Drive, Waggaman, LA 70094
Status: Available
Year Built: 2007
Price: $7,900,000
Price Per Unit: $64,754
Price Per SF: $55.91
# of Units: 122
# of Buildings: 122
# of Stories: 1
Rentable SF: 141,296
Lot Size: 22 Acres
Density: 5.54 Units/Acre

Quick Stats:

  • The Property’s Location is Part of the New Orleans-Metarie-Hammond Combined Statistical Area Which has a Population of 1,452,502
  • Located 11 miles from Ochsner Health Center- Jefferson Parish’s Largest Employer. Other Large Corporations Located in the Parish Include Acme Truck Line, Laitram, Cox Communications, and Superior Energy Services
  • Very High Occupancy Seen at the Property with a 2017 Rate of 98.5%
  • Well-Constructed Single Family Homes with Attached Garages Built in Two Phases on Large 22 Acre Site

Description:

Live Oak Manor I & II is a 122-unit affordable housing community located in Waggaman, LA. The property is conveniently located close to area amenities such as shopping, schools, and parks.

Live Oak Manor I was built and placed in service in 2007 and Live Oak II was built and placed in service in 2008 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than 50% and 60% of Area Median Income (AMI) limits, which are provided by the Louisiana Finance Housing Agency.

Live Oak Manor I & II is comprised of three and four bedroom single family homes that include a private entry, attached two car garages, and private patio/balcony. Units come standard with a washer/dryer and high ceilings.

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