Catylist ID: #30793053
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|
|Unit Price:||$241,666.67 Per Unit|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
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
|Nearest MSA:||New Orleans-Metairie|
|Proximity:||1 mile||3 miles||5 miles|
Brett SanchezElifin Realty Baton Rouge, LA 70801
Mark R SegallaElifin Realty Baton Rouge, LA 70801
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