Beautiful Old Mansion

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30462530
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 9 Units
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Gross Land Area: 8,791 SF
Sale Price: $995,000
Unit Price: $110,555.56 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/4/2020

Overview / Comments

Massive price drop!

Beautiful Old Mansion just off St Charles and Jackson Avenue. Primed for redevelopment- this 9 unit complex has high ceilings, fire suppression and central air. Consists of 8- 2 bedroom 1 bath and 1-3 bedroom 1 bath.

Please call Mike Mito 504.432.3435


Finance Data Year 2019
Tax Value Land $87,900
Tax Value Improvements $644,000
Assessed Value - Total($) $731,900 (Annual)
Potential Rental Income $162,000 (Annual)
Gross Operating Income $162,000 (Annual)
Net Operating Income $125,000 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41037536

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,541 204,654 398,970
Median Age: 36.74 35.68 37.18
Households: 14,100 88,241 167,003


Photograph of Listing Agent

Michael Mito

RE/MAX Commercial Brokers Inc Metairie, LA 70002
LACDB Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.