8 UNIT MULTI-FAMILY IN FRENCH QUARTER FOR SALE

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30868153
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden, Other
Status: Pending/Contingent
Number of Units: 8 Units
Building Size (RSF): 4,559 SF
Gross Land Area: 5,334 SF
Sale Price: $1,350,000
Unit Price: $168,750 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed, Cash to Seller, Other
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 4/15/2024

Overview / Comments

Introducing a rare offering in the French Quarter nestled next to Hotel St. Marie—a historic renovated opportunity with eight currently occupied residential units. The main two-story building has four (4) units which are complemented by four (4) rear studios in the building behind, that holds immense potential for enjoying a French Quarter oasis. Currently occupied with existing leases in place, this property allows for immediate cash flow while you execute your creative vision. With its captivating historic charm, right side entrance, and a stunning courtyard with pool, this property is a gateway to wide possibilities in one of the most iconic neighborhoods in the world. Don't miss your chance to be part of the French Quarter's illustrious history—seize this unique opportunity today

+/-$124,200 Rental Revenue per annum

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: French Quarter
Taxing Authority: Orleans Parish
Tax ID/APN: 207102411
Zoning: VCR-1 - VIEUX CARRE RESIDENTIAL DISTRICT
Percent Occupied: 100%
Community Amenities: Outdoor Pool
Property Located Between: Bourbon Street and Burgundy Street
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Roof Type: Arched
Construction/Siding: Stucco
Parking Description: Street Parking Only
Laundry: Shared
Sprinklers: None
Heat Type: Electricity
Heat Source: Central, Wall Units
Fuel: Electric
Air Conditioning: Package Unit, Window Unit
Internet Access: Cable, DSL, Satellite, Gigabit
Zoning Description: Vieux Carre Residential District
Lot Frontage: 42
Lot Depth: 127
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,834 186,134 396,869
Median Age: 41.09 36.02 36.8
Households: 12,055 81,948 166,972

Contact

Photograph of Listing Agent

Cameron Griffin

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
Photograph of Listing Agent

Moatasim Alhindi

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
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