Luxury Flats

Multi-Family for Sale
Catylist Listing ID: 30803840
Property Subtypes: Duplex/Fourplex
Number of Units: 8 Units
Building Size (RSF): 6,517 SF
Gross Building Area: See Agent
Sale Price: $2,350,000
Unit Price: $293,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/14/2022

Overview / Comments

This 1850s Greek Revival structure, situated on a large corner lot in the heart of the Irish Channel, was meticulously restored in 2016 with new plumbing, electrical, central HVAC systems, & full-sized washers & dryers in each flat. Realizing over $190,000 in gross income per year, it's truly a turnkey investment opportunity. Each flat features Carrara marble counters, original heart pine flooring & brick fireplaces, and stainless steel appliances. Property also features a saltwater pool and new 2021 roof. Total gross monthly rent $17,450.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41042595
Property Condition: Excellent
Number of Stories: 2
Year Renovated: 2016
Construction/Siding: Wood Siding
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,111 195,457 399,401
Median Age: 36.17 36.12 36.69
Households: 13,052 83,064 164,236

Contact

Photograph of Listing Agent

Mary Ann Casey-Theriot

RE/MAX N O Properties New Orleans, LA 70118-6021
LACDB Member
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