Catylist ID:
#30836071
University area 14 unit complex with 2-3 buildable lots!
Multi-Family
for Sale
| Catylist Listing ID: | 30836071 |
| Property Subtypes: | Low-Rise/Garden |
| Number of Units: | 14 Units |
| Building Size (RSF): | 8,158 SF |
| Gross Land Area: | 14,375 SF |
| Sale Price: | $1,750,000 |
| Unit Price: | $125,000 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Average Occupancy Rate: | 100 |
| Last Updated: | 3/20/2023 |
Overview / Comments
|
Rare opportunity to purchase a University/Carrollton 14 unit complex with 3 extra lots for future development! The complex was renovated from the ground up in the 2010's with all new framing, electrical, plumbing, HVAC's, siding, porches, & roofs & is in excellent condition. Current rent of $13,700 with additional laundry and parking income. There is room for value add with upgraded appliances & rent escalations but the hard work is done. Buildings have low maintenance exteriors & are located in a high demand rental area that still has room for growth. 8525 Hickory also for sale located across the street for $775,000. $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
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Orleans |
| Submarket/Township: | Greater New Orleans |
| Tax ID/APN: | 716208219 |
| Zoning: | RD-2 |
| Total Number of Buildings: | 2 |
| Property Condition: | Excellent |
| Number of Stories: | 2 |
| Year Built: | 1960 |
| Year Renovated: | 2011 |
| Parking Type: | Surface |
| Laundry: | Shared |
| Heat Source: | Central |
| Zoning Description: | RD-2 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 25,224 | 170,210 | 414,298 |
| Median Age: | 32.62 | 36.96 | 38.43 |
| Households: | 10,234 | 74,191 | 179,827 |
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions. |
