Gutted Double w/ Multiple Uses Allowed

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30802860
Property Subtypes: Duplex/Fourplex, Mixed Use
Status: Pending
Number of Units: 2 Units
Building Size (RSF): 2,285 SF
Gross Building Area: 2,500 SF
Gross Land Area: 4,400 SF
Sale Price: $195,000
Unit Price: $97,500 Per Unit
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/17/2022

Overview / Comments

Splendid Investment Opportunity. Property is fully gutted with new windows installed. Zoning is HU-B1 allowing for multiple uses. Plenty of off street parking available with a driveway on each side of the property. Both sides have similar floor plans with a 2nd story located at the rear of the property. Utilities are off and will remain unavailable. New Windows are installed.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41065349
Zoning: HU-B1
Property Located Between: N. Johnson & N. Prieur
Property Condition: Fair
Number of Stories: 2
Parking Type: Surface
Zoning Description: The HU-B1 Neighborhood Business District is intended for commercial areas that predominantly serve the needs of the nearby residential neighborhoods. The general character of this type of development should be sensitive to and compatible with its residential surroundings. In addition to commercial uses, this district provides for single-family dwellings, two-family dwellings and can accommodate small-scale multi-family dwellings. This district also allows higher residential densities when a project is providing significant public benefits such as long-term affordable housing.
Lot Frontage: 50
Lot Depth: 88
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,132 132,584 346,036
Median Age: 36.8 37.15 35.98
Households: 9,928 56,241 145,078


Photograph of Listing Agent

Patrick Liberto

Keller Williams Realty New Orleans New Orleans, LA 70118-1022
LACDB Member
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