French Quarter Trophy Asset
Multi-Family
for Sale
| Catylist Listing ID: |
30818811 |
| Property Subtypes: |
Low-Rise/Garden, Other
|
| Number of Units: |
7 Units |
| Building Size (RSF): |
6,069 SF |
| Gross Land Area: |
4,191 SF
|
| Sale Price: |
$2,795,000 |
| Unit Price: |
$399,285.71 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/22/2023 |
Overview / Comments
|
Impeccably renovated, high rent apartment building in excellent residential area of New Orleans' French Quarter. Around the corner from Port of Call, and the iconic Esplanade Corridor and directly adjacent to Cabrini Park. Beautifully appointed courtyard with rear detached unit in separate building. Building is professionally managed, fully sprinklered and includes top of the line finishes and fine architectural design elements, including one of the profound examples of a truly stately French Quarter Mansard Roof. This legacy asset is well positioned for low risk, long -term rental and value appreciation.
|
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Orleans |
| Submarket/Township: |
French Quarter |
| Tax ID/APN: |
41021790 |
| Zoning: |
VCR-1 |
| Restaurant(s), Play Ground |
| Property Located Between: |
Esplanade & Barracks |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Renovated: |
2021 |
| Roof Type: |
Mansard |
| Laundry: |
In Each Unit |
| Sprinklers: |
Wet |
| Zoning Description: |
Vieux Carre Residential District |
| Lot Frontage: |
35 |
| Lot Depth: |
127 |
| Water Service: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
26,899 |
172,631 |
386,059 |
| Median Age: |
39.62 |
36.39 |
36.34 |
| Households: |
13,641 |
75,956 |
162,317 |
|
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