Historic Apartment Building at Napoleon & St. Charles

Multi-Family for Sale
Catylist Listing ID: 30793053
Property Subtypes: Low-Rise/Garden, Other
Number of Units: 12 Units
Building Size (RSF): 12,308 SF
Gross Building Area: See Agent
Gross Land Area: 6,600 SF
Sale Price: $2,900,000
Unit Price: $241,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/12/2022

Overview / Comments

This 12-unit multifamily asset is located on the east side of Napoleon Avenue near St Charles Ave.

It is three story building with a common entry on the front of the building and additional storage / garage in the rear with access from Pitt Street.

The unit mix contains two (2) 3 Br / 2 Ba units, six (6) 1 Br / 1 Ba units with study, and four (4) efficiency units.

The property is currently 100% occupied with under market rents and has strong historical occupancy.

Longterm tenants have never received rent bumps.

The convenient location just off St Charles Ave and only 6 blocks north of the popular Magazine Street positions this asset well to attract and retain tenants.

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• Well located off St Charles Ave, 6 blocks from Magazine St
• 12 units, below market rents
• Textbook value-add with light cosmetic upgrades & bringing rents to market
• Traditional New Orleans style

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41046379
Zoning: HU-RM1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 31,709 172,463 398,166
Median Age: 36.67 36.36 36.83
Households: 15,179 74,315 165,198

Contact

Photograph of Listing Agent

Brett Sanchez

Elifin Realty Baton Rouge, LA 70801
LACDB Member
Photograph of Listing Agent

Mark R Segalla

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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