4 UNIT MULTI-FAMILY | FOR SALE

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30819154
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 2,136 SF
Gross Land Area: 5,040 SF
Sale Price: $485,000
Unit Price: $121,250 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Usable Size (USF): 2,136 SF
Sale Terms: Undisclosed, Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/11/2022

Overview / Comments

This is a renovated charming four (4) unit multi-family property with very strong cash flow that is one block from Carrollton Avenue and two blocks from Earhart Boulevard, where a host of retailers and restaurants are located in the Gert Town district. The property is located in Flood Zone X and contains separate power meters for each unit. Each unit also contains its own washer & dryer. Short Term Rental is permissible, new owner would need to go through the process of obtaining the correct licensing.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Taxing Authority: Orleans Parish
Tax ID/APN: 41028976
Zoning: HU-RD2
Percent Occupied: 100%
Property Located Between: Forshey Street and Olive Street
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 1
Year Renovated: 2021
Construction/Siding: Brick
Exterior Description: New Roofs on each building!
Parking Type: Other
Parking Description: On Street Parking
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Wall Units
Fuel: Electric
Air Conditioning: Window Unit
Internet Access: Cable, DSL, Satellite, Gigabit, Fiber Optic
Zoning Description: The HU-RD2 Two-Family Residential District is intended to provide for two-family development on smaller lots in older, densely populated urban sections of the City mixed with detached single-family dwellings. This district also allows higher residential densities when a project is providing significant public benefits such as long-term affordable housing. Limited non-residential uses such as places of worship, historic neighborhood commercial establishments, and recreational facilities that are compatible with surrounding residential neighborhoods may be allowed.
Lot Frontage: 56
Lot Depth: 90
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,824 193,104 403,472
Median Age: 33.66 36.78 37.77
Households: 11,857 85,465 175,455

Contact

Photograph of Listing Agent

Cameron Griffin

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
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