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: 11/6/2019

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

Financials

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

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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

Contact

Photograph of Listing Agent

Michael Mito

RE/MAX Commercial Brokers Inc Metairie, LA 70002
LACDB Member
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