Mixed Use 4 Plex - Bywater

Multi-Family for Sale
Catylist Listing ID: 30655090
Property Subtypes: Duplex/Fourplex, Mixed Use
Number of Units: 4 Units
Building Size (RSF): 4,811 SF
Gross Land Area: 0.16 Acres
Sale Price: $769,000
Unit Price: $192,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/3/2020

Overview / Comments

Opportunity knocks with this stylish 4-Plex located on a desirable block of Bywater. This mixed use property offers 2 residential units upstairs with 2 commercial units below. Live & work & still have 2 rental properties to help cover your note OR lease all 4 units for a cash-flowing complex. Renovated from top to bottom in 2017: new hardyplank siding, roof, HVAC, kitchens & baths + in unit washer/dryers. CORNER LOT next door is included in the sale & is currently used as outdoor entertainment oasis; complete with a balcony, tanning deck, fire pit & pool!

- Contact Amber Neill for more information: 504-875-5566

- Currently generating $3100/month

- 1 Residential unit is currently owner occupied. The other currently generates $2100 / month.

- The downstairs furniture store is leased for $1000/month.

- Previously the 500 sqft storage room in back of furniture store was leased for $500/month as an artist studio.

- The other vacant commercial space was previous rented for $1150 NNN to a Drink & Paint Art Studio

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Taxing Authority: Orleans
Tax ID/APN: 41070349
Percent Occupied: 75%
Community Amenities: Outdoor Pool
Property Located Between: Marais & Urquhart
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 25
Year Renovated: 2017
Roof Type: Arched
Construction/Siding: HardiePlank Siding
Laundry: In Each Unit
Heat Source: Central
Fuel: Gas
Zoning Description: HU-RD2, Commercial downstairs are Conditional Use
Lot Frontage: 70
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: SQ 468 LOT K 35X100 1233-35 POLAND AVE & SQ 468 POLAND AVE & URQUHART ST LOT L 35X100 1237 POLAND AVE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,516 118,250 327,553
Median Age: 37.44 37.82 35.73
Households: 5,965 51,568 136,031

Contact

Photograph of Listing Agent

George Jeansonne

French Quarter Realty
New Orleans, LA
LACDB Member
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