Five Property Investment Portfolio in Hollygrove

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30868465
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: See Agent
Building Size (RSF): 8,016 SF
Gross Building Area: See Agent
Sale Price: $150,000
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/11/2024

Overview / Comments

These five properties MUST be purchased together and are restricted to residents earning 60% or less of Area Median Income (AMI) through 12/31/2036 as per regulatory agreement with the Louisiana Housing Corporation. Please see attached document for more details.

This portfolio package includes 5 properties (3 doubles and 2 single family) and the addresses and size are below:
8901-03 Olive Street - 6 bedrooms / 4 bathrooms
9019-21 Oleander Street - 6 bedrooms / 4 bathrooms
9027-29 Cohn Street - 6 bedrooms / 4 bathrooms
8907 Olive Street - 3 bedrooms / 2 bathrooms
3410 General Ogden - 4 bedrooms / 2 bathrooms

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 716409427
Total Number of Buildings: 5
Property Condition: Poor
Year Renovated: 2008

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,110 188,183 389,568
Median Age: 35.53 37 37.86
Households: 8,138 82,069 170,535

Contact

Photograph of Listing Agent

Woody Koppel

Valmont Realty New Orleans, LA 70115
LACDB Member
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