Catylist ID:
#30820148
NOLA Investment Asset Near Downtown and University
Multi-Family
for Sale
| Catylist Listing ID: | 30820148 |
| Property Subtypes: | Low-Rise/Garden |
| Number of Units: | 7 Units |
| Building Size (RSF): | 5,608 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $900,000 |
| Unit Price: | $128,571.43 Per Unit |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/14/2023 |
Overview / Comments
|
This portfolio property consists of a fourplex, 3100 Gravier St, and a triplex, 713-715 S Salcedo St. Each of the 7 units have individual electric meters and the electricity is covered by tenants. Potential boost of rental income if used as STR. The portfolio is conveniently situated just ±1.5 miles to Downtown New Orleans and the Superdome. It is also ±1.4 miles to Costco, ±1.2 miles away from Xavier University, and ±0.1 miles from the new mixed-use development, Crescent Club. The properties are situated on a corner and enjoy ample street parking. S Salcedo's roof, gutters, downspouts, and awning were replaced at the end of 2021. The roof of 3100 Gravier St was replaced in 2017. Several units have been recently updated and some have brand new appliances. • Fourplex and triplex • Potential boost of rental income if used as STR • Nearby Downtown New Orleans and Xavier University • Corner property – ample street parking |
Attachments & Media
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Orleans |
| Submarket/Township: | Greater New Orleans |
| Tax ID/APN: | 41036002 |
| Zoning: | MU-2 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 25,897 | 204,613 | 399,398 |
| Median Age: | 31.42 | 36.72 | 37.25 |
| Households: | 9,001 | 90,909 | 171,252 |
Contact
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