Catylist ID:
#30852387
Renovated 11-Unit Multifamily Investment Opportunity
Multi-Family
for Sale
| Catylist Listing ID: | 30852387 |
| Property Subtypes: | Low-Rise/Garden |
| Number of Units: | 11 Units |
| Building Size (RSF): | 1 SF |
| Gross Land Area: | 0.26 Acres |
| Sale Price: | $1,500,000 |
| Unit Price: | $136,363.64 Per Unit |
| Property Use Type: | Investment |
| Usable Size (USF): | 1 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/19/2023 |
Overview / Comments
|
This 11-unit investment property is currently 85% occupied. All vacant units have been fully renovated, allowing for immediate tenant placement. The complex comprises one 2 bedroom / 1 bath unit and ten 1 bedroom / 1 bath units. Gated, dedicated off-street parking for tenants. New roof installed in 2022. The complex is equipped with an on-site laundry room. This property's convenient location offers ±3-5 minute access to I-10, ±2 minute access to Veterans Blvd, and ±1 minute access to W Napoleon Ave. • 85% Occupied • All vacant units have been fully renovated for immediate tenant placement • Gated, dedicated off-street parking for tenants • Located within ±5 minutes of I-10, Veterans Blvd, and W Napoleon Ave ***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Offering Memorandum” below. From there, you’ll be redirected to our website, able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.*** |
Attachments & Media
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Jefferson |
| Submarket/Township: | Airport-Metairie-Kenner |
| Tax ID/APN: | 0820006545|2 |
| Zoning: | R3 – MULTIPLE-FAMILY RESIDENTIAL DISTRICT / RR3 – THREE- AND FOUR FAMILY RESIDENTIAL DISTRICT |
| Percent Occupied: | 85% |
| Airports: | Louis Armstrong New Orleans International Airport (MSY) |
| Total Number of Buildings: | 1 |
| Property Condition: | Average |
| Number of Stories: | 3 |
| Year Renovated: | 2022 |
| Parking Type: | Surface |
| Lot Frontage: | 79.93 |
| Lot Depth: | 166.98 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 25,953 | 163,013 | 298,889 |
| Median Age: | 40.9 | 41.26 | 39.6 |
| Households: | 11,040 | 69,544 | 124,469 |
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