Catylist ID: #30836078
University area 5 plex with 2 buildable lots!
Multi-Family for Sale
|Catylist Listing ID:||30836078|
|Number of Units:||5 Units|
|Building Size (RSF):||3,053 SF|
|Gross Land Area:||10,000 SF|
|Unit Price:||$155,000 Per Unit|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
Overview / Comments
Rare opportunity to purchase a University/Carrollton 5 unit complex with 2 extra lots for future development! The complex was renovated from the ground up in 2014 with all new framing, electrical, plumbing, HVAC's, siding, porches, & roof & is in excellent condition.
Each unit is 1 bed/ 1 bath, 100% occupied with a current rent roll of $4,994. There is room for value add with upgraded appliances & rent escalations but the hard work is done. Building has a low maintenance exterior, high end finishes, nice common spaces, & is located in a high demand rental area that still has room for growth.
8520 Hickory also for sale located across the street for $1,750,000. $2,500,000 for both
1st showing: Wed March 15, 11am - 2pm,
2nd Property Showing: Mon, March 20 11am - 2pm,
Offers Due: Thurs, March 23 at 5pm.
Attachments & Media
|Nearest MSA:||New Orleans-Metairie|
|Submarket/Township:||Greater New Orleans|
|Property Located Between:||Joliet & Leonidas|
|Site Description:||apartments located on a 50 x 100 lot. 2 additional 25 x 100 lots included. Formerly permitted plans for 2 doubles can be included as well.|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Laundry:||In Each Unit|
|Air Conditioning:||Package Unit|
Driving Directions / Aerial Imagery:
Bird's Eye View | Google Maps | Google Street View
|Proximity:||1 mile||3 miles||5 miles|
Peter B GardnerKeller Williams Realty New Orleans New Orleans, LA 70118-1022
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