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.

Attachments & Media

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

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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

Contact

Photograph of Listing Agent

Gordon McLeod

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
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