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
Community Amenities: 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

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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


Photograph of Listing Agent

S. Parkerson McEnery

The McEnery Company Inc
Mandeville, LA
LACDB Member
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