4018 Constance Street, New Orleans

Multi-Family for Sale
Catylist Listing ID: 30282557
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 4,102 SF
Sale Price: $825,000
Unit Price: $206,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2019

Overview / Comments

Great four or five unit home one block from Magazine Street. All units totally furnished. Great property for use as corporate rental units One unit can be a 2 bedroom/two baht or 2 one bedroom/one bath apartments. All units are furnished. Walking distance to the great restaurants, shops, and bars on the corridor.
Compound comprised of two buildings with a secure common courtyard. Common laundry facility that, if converted to coin-operated machines, would generate additional revenue. High demand rental location. Current rental income is $6,115/month. Rents could be increased. Owner does not raise rent to market rent until a tenant leaves. Typical tenure is 2+ years. Low insurance because insured as a two separate buildings.

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Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41046877
Property Located Between: Marengo and Constantinople
Total Number of Buildings: 1
Number of Stories: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,306 167,250 387,447
Median Age: 37.63 36.27 36.85
Households: 13,482 71,317 158,919


Photograph of Listing Agent

Dorian M Bennett

Dorian M Bennett Inc New Orleans, LA 70117-8506
LACDB Member
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