Multi Unit Package Deal

Multi-Family for Sale
Call for Offers
Also listed as Vacant Land
Catylist Listing ID: 30746974
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 8 Units
Building Size (RSF): 5,946 SF
Gross Building Area: See Agent
Gross Land Area: 14,400 SF
Sale Price: $900,000 - 1,095,000
Unit Price: $112,500 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed, Cash to Seller
Auction Type: Undisclosed Reserve
Call for Offers: Yes
Cap Rate: Undisclosed
Last Updated: 11/24/2021

Overview / Comments

The Jackson Avenue Package.

Open for Bids Now!
Please submit all offers to lovelivenolagroup@gmail.com
Showings to be scheduled with minimum 48 hour notice and proof of funds, and or pre-approval by reputable lender.

Seller will make no repairs, and is selling AS IS WHERE IS. Rent is below market and for information purposes.

An Investment of a lifetime. We have 4 properties right on the corner of where the krewe of ZULU rolls out for Mardi Gras. Zoned HRD-2 with a grand-fathered in 4-plex. Accessible from anywhere in the metro area. Long-term possibility for townhomes and massive income generation. Current tenants are on month to month basis, long term, below market value. For rent information please call agent.
2713-15 Jackson total rent $2285
27111 Jackson total rent is $600
2721-23 Jackson total rent is $1600
2717-19 Jackson is vacant land lot zoned HRD-2

Properties are being sold together. Each one has a 30X120 lot size for a total frontage of 120X120.

The highest and best use is long-term development. The building of Townhomes, re-zoned and licensed for short-term/Air BnB will provide the best return. Currently, the 4-plex is grand-fathered in. despite the HRD-2 zoning..

Properties are tenant occupied and require 48 hour notice for inside showings, proof of funds.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41040569
Percent Occupied: 80%
Highway Access: I-10 East access is less than 2 minutes away.
Airports: MSY
Site Description: four lots each 30X120 dimensions. 3 have improvements, one is vacant.
Area Description: Parade route, blocks away from St Charles Avenue, Downtown Central Business District, and I-10 E
Total Number of Buildings: 4
Property Condition: Fair
Number of Stories: 2
Year Built: 1960
Roof Type: Gable
Construction/Siding: Wood Siding
Parking Type: Surface
Total Parking Spaces: 2
Laundry: In Each Unit
Heat Type: Other
Heat Source: Other
Fuel: Gas
Air Conditioning: Window Unit
Zoning Description: HRD-2 fourplex has been grandfathered in
Lot Frontage: 30
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SQ 393 LOT 16 JACKSON 30X120 SEE ADD "A" REC SQ 393 LOT 15 JACKSON 30X120 SQ 393 LOT 14 JACKSON 30X120 1. SQ 393 LOT D 30X120 JACKSON 2. 2721/23 JACKSON AVE 3. FILE #14809 INC APT A & B 4. PERMIT #B98006267 5. PERMIT B03004993 9/18/03 6. BLDG PERMIT 07BLD-02464

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,623 199,915 409,681
Median Age: 35.54 35.96 37.14
Households: 12,664 87,961 173,155

Contact

Photograph of Listing Agent

Kate Kancheva

Axis Realty Group LLC Metairie, LA 70006
LACDB Member
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