NEW PRICE! Turn-Key Income Producing Multi-Family

Multi-Family for Sale
Catylist Listing ID: 30768509
Property Subtypes: Low-Rise/Garden, Mid-Rise, Other
Number of Units: 8 Units
Building Size (RSF): 3,732 SF
Gross Land Area: 6,030 SF
Sale Price: $1,299,000
Unit Price: $162,375 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/30/2021

Overview / Comments

Turn-Key, income-producing multi-family property located in rapidly improving Central City sub market, just four blocks from St. Charles Avenue. Zoning allows for two (2) Short Term Rental units, which have historically performed very well in this location.

All eight (8) units are furnished and in excellent condition, with slightly under-market rental rates. Unit 2 recently leased for $1,250 per month, which is indicative of market rent for the remainder of the units.

The on-site laundry room also contains extra square footage that can be utilized as a leasing office, or reconfigured into a 9th rental unit. New roof!

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41039040
Zoning: HU-MU
Property Located Between: Jackson Ave. & Philip St.
Total Number of Buildings: 1
Number of Stories: 2
Parking Type: Surface
Parking Description: 1 space per unit
Total Parking Spaces: 8
Laundry: Shared
Zoning Description: Historic Urban Mixed-Use District
Lot Frontage: 88
Lot Depth: 61
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 31,511 203,496 397,233
Median Age: 36.54 35.74 37.14
Households: 15,577 87,829 166,171

Contact

Photograph of Listing Agent

Cameron Griffin

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
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