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.
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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 |
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 |
|
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