100% Occupied Fourplex in Rapidly Developing Neighborhood

Multi-Family for Sale
Catylist Listing ID: 30867722
Property Subtypes: Low-Rise/Garden, Other
Number of Units: 4 Units
Building Size (RSF): 3,016 SF
Gross Land Area: 0.15 Acres
Sale Price: $475,000
Unit Price: $118,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/9/2024

Overview / Comments

Now available for sale, 2201 Annette St is a 100% occupied, ±3,016 SF fourplex within a neighborhood characterized by vibrant growth and transformation.

This property is unique in the neighborhood for its multifamily zoning (HU-RD2).

The complex presents a lucrative opportunity for investors through strong cash flow and potential for rent increases through value-add cosmetic and amenity upgrades.

Annette St is nestled in an area rapidly developing with new constructions and renovations and near St Bernard Ave, making it highly attractive for tenants.

Tenants will benefit from proximity to essential city landmarks, including the Faubourg Marigny, the Fairgrounds, St Roch Market, and the French Quarter, enhancing the living experience. Additionally, the property offers convenient ±3 minute access to I-10.

• 100% Occupied
• Existing cash flow with further value-add potential
• Multifamily zoning (HU-RD2)
• Proximity to I-10

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Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 37W204101
Zoning: HU-RD2 – HISTORIC URBAN TWO-FAMILY RESIDENTIAL DISTRICT
Percent Occupied: 100%
Airports: Louis Armstrong New Orleans International Airport (MSY)
Total Number of Buildings: 1
Number of Stories: 2
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,976 152,329 343,994
Median Age: 37.48 36.26 36.4
Households: 11,707 64,457 146,120

Contact

Photograph of Listing Agent

Benji Azar

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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