3 Unit Multi-Family
Multi-Family
for Sale
| Catylist Listing ID: |
30806877 |
| Property Subtypes: |
Duplex/Fourplex, Other
|
| Number of Units: |
3 Units |
| Building Size (RSF): |
2,946 SF |
| Gross Land Area: |
3,480 SF
|
| Sale Price: |
$600,000 |
| Unit Price: |
$200,000 Per Unit |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/23/2022 |
Overview / Comments
Excellent opportunity Uptown. This value-add 3-unit apartment complex is located at the corner of Constantinople and Camp, and is in a great position for renovation and rental rate increases, or single-family conversion. Each unit is separately metered for electricity.
It is currently being vacated by tenants to provide opportunity for ground-floor renovations. The two (2) second-story 1/1 units were more recently renovated and are turn-key. At some point the property had 4 rental units as evidenced by the electrical meters. There is room to create off-street parking or outdoor living space at the rear of the building off Constantinople.
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Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Orleans |
| Submarket/Township: |
Uptown-Garden District |
| Tax ID/APN: |
41046669 |
| Zoning: |
HU-RD2 |
| Property Located Between: |
Constantinople & Marengo |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Roof Type: |
Hip |
| Construction/Siding: |
Wood Siding |
| Zoning Description: |
Historic Urban Two-Family Residential District |
| Lot Frontage: |
31 FT |
| Lot Depth: |
116 FT |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
27,987 |
170,440 |
391,807 |
| Median Age: |
36.95 |
36.24 |
36.98 |
| Households: |
13,875 |
73,033 |
161,369 |
|
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