Uptown Investment opportunity

Multi-Family for Sale
Catylist Listing ID: 30246877
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 4,100 SF
Gross Building Area: 4,300 SF
Gross Land Area: 3,000 SF
Sale Price: $549,000
Unit Price: $137,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 3/25/2018

Overview / Comments

Completely renovated with Central Air and Heat in ALL units. Located right off Claiborne and Jefferson just minutes from Tulane and Loyola. Stays rented!

This is an incredible opportunity to pick up a four-plex in an area of aggressive growth of single-family homes.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Zoning: R-4
Percent Occupied: 75%
Property Located Between: Jefferson and Napoleon
Site Description: Completely renovated to the studs, then all mechanical systems checked yearly by licensed technicians.
Area Description: Growing demand area very close to Tulane and Loyola.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1920
Year Renovated: 2008
Roof Type: Gable
Construction/Siding: Stucco
Exterior Description: Stucco over Frame
Parking Type: Surface
Parking Description: Street parking
Total Parking Spaces: 1
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Gas, Electric
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Ceramic tiled on 1st floor
In Flood Plain?: Yes
Lot Frontage: 30
Lot Depth: 98
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 1. SQ 677 LOT 4 SONIAT 30X98/102 2. 2708-10 SONIAT DU-RAISED 3. W/2 APTS 4. FILE #93807 1/08

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 34,547 181,215 410,592
Median Age: 32.15 35.79 37.45
Households: 13,638 78,719 174,824

Contact

Photograph of Listing Agent

Ian Cockburn

John Anthony Realty LLC New Orleans, LA 70113
LACDB Member
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