19 Unit Multi-Family Package
Multi-Family
for Sale
| Catylist Listing ID: |
30714549 |
| Property Subtypes: |
Duplex/Fourplex
|
| Number of Units: |
19 Units |
| Building Size (RSF): |
14,679 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,500,000 |
| Unit Price: |
$131,578.95 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/13/2021 |
Overview / Comments
Excellent investment opportunity in the Heart of New Orleans! Located just one block off Lasalle and several blocks from Louisiana Avenue, the improvements consist of nine (9) separate buildings containing a total of Nineteen (19) Two Bedroom Units, One (1) One-Bedroom with a Net Rentable Area of 14,679 SF.
Six (6) of the seven (7) doubles on Freret have Part I & Part II historic tax credit applications approved. Five (5) of the Freret doubles are approximately 85% complete, with the kitchens and bathroom and various finish work to be completed, meaning the accrued HTCs can transfer to a new owner to complete. 2613-17 Second Street and 2515-17 Magnolia are currently occupied. 2515-17 Magnolia has a third unit at the rear of the property that is currently vacant. Purchase price includes a buildable lot on Third Street!
|
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Orleans |
| Submarket/Township: |
Uptown-Garden District |
| Zoning: |
HU-RD2 |
| Total Number of Buildings: |
9 |
| Number of Stories: |
1 |
| Year Renovated: |
2020 |
| Roof Type: |
Gable |
| Parking Description: |
Plenty of Room for off-street parking at the rear of the Freret properties accessed of Second Street. |
| Zoning Description: |
HU-RD2 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
31,796 |
200,389 |
411,726 |
| Median Age: |
36.73 |
35.75 |
37.25 |
| Households: |
15,100 |
87,724 |
173,430 |
|
© 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.
|
