Catylist ID:
#30834233
| Catylist Listing ID: | 30834233 |
| Property Subtypes: | Duplex/Fourplex |
| Number of Units: | 2 Units |
| Building Size (RSF): | 1,882 SF |
| Gross Land Area: | 3,480 SF |
| Sale Price: | $775,000 |
| Unit Price: | $387,500 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 7.0% |
| Last Updated: | 3/16/2023 |
Overview / Comments
|
Rare opportunity to purchase a newly constructed Townhouse Style Duplex with an in-ground pool in the Bywater Neighborhood in New Orleans. Close proximity to the French Quarter, Marigny and CBD. Conveniently located just steps from Satsuma, Alma, Bywater Bakery, Elizabeth's, & The Country Club. The property is zoned HMR-3 and is currently tenant occupied. It can be sold as a package deal along with 3400 Dauphine St., which is also listed for sale! SUMMARY: Capitalization Rate: 7% (Market Range) NOI: $145,000?GBA: +/- 2,102 SF Total Living Area: +/- 1,882 Total Site Size: +/- 3,480 SF ?Zoning: HMR-3 - Historic Marigny/Tremé/Bywater Residential District Property Mix: Two 1BD units in Two-Story Building |
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Orleans |
| Submarket/Township: | Greater New Orleans |
| Taxing Authority: | Orleans Parish |
| Tax ID/APN: | 39W107917 |
| Zoning: | HMR-3 - HISTORIC MARIGNY/TREME/BYWATER RESIDENTIAL DISTRICT |
| Community Amenities: | Outdoor Pool |
| Property Located Between: | Ro??al, Da??phine, Piety????, Gallie?? |
| Airports: | Louis Armstrong International Airport |
| Area Description: | The 1.33 square mile Bywater Neighborhood is well situated within walking distance of the French Quarter and the Central Business District, a short drive to City Park, and easily accessible to the Chalmette and Arabi Neighborhoods. The food, entertainment, and art scenes in the Bywater are some of the best in the City. Various art, music, theatre venues, restaurants, and parks are within walking distance. In 1993 the City of New Orleans Historic District Landmarks Commission named the neighborhood an official city Historic District, effectively protecting the 120-block area and over 2,000 buildings. The Bywater’s convenient location, ample amenities, and bustling social scene have made it one of the most active areas in New Orleans for new/re-development in recent years. The total population of Bywater saw a large decrease in population following Hurricane Katrina, and it has since emerged as a very trendy neighborhood. Population levels are anticipated to continue substantial increase over the next few years. |
| Total Number of Buildings: | 1 |
| Property Condition: | Excellent |
| Number of Stories: | 2 |
| Year Built: | 2020 |
| Construction/Siding: | Brick/Vinyl Siding |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Zoning Description: | Zoning: HMR-3 - Historic Marigny/Treme/Bywater Residential District |
| Lot Frontage: | 29 |
| Lot Depth: | 120 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | Owned |
| Legal Description: | SQ 174 LOT 5 OR 19 DESIRE 29 X 120 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 18,477 | 137,901 | 359,878 |
| Median Age: | 37.92 | 37.43 | 35.63 |
| Households: | 8,295 | 61,149 | 148,830 |
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