Black Pearl Double

Multi-Family for Sale
Catylist Listing ID: 30197341
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,674 SF
Gross Building Area: See Agent
Gross Land Area: 2,820 SF
Sale Price: $379,650
Unit Price: $189,825 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/20/2018

Overview / Comments

This property sustained damage in the Tornado of 2007 that passed through Uptown New Orleans. The remains were removed and the raised portion received new footings and piers. Prior to the Tornado it was a non-conforming commercial restaurant, named Aaron's Place. Attempts were made to rebuild the restaurant, however, the owner became sick and the work did not get completed within the time constraints allowed by the City of New Orleans. 7500 Hurst Street is the adjacent unit, which has a lease through December of 2018 and can provide 30 day notice for cancellation. What remaining barge board were left after the Tornado have been used as wainscoting in the living rooms of both sides.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Taxing Authority: City of New Orleans
Tax ID/APN: 41188803
Percent Occupied: 100%
Property Located Between: Hurst, Garfield and Hillary
Property Condition: Excellent
Number of Stories: 1
Year Built: 2008

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,694 148,461 377,334
Median Age: 31.84 35.9 38.21
Households: 7,157 62,392 162,668


Photograph of Listing Agent

Kurt Maloney

Maloney Good Realty New Orleans, LA 70119
LACDB Member
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