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

View FullscreenMap

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


Photograph of Listing Agent

George Jeansonne

French Quarter Realty
New Orleans, LA
LACDB Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.