5 doubles (10 units) 2 blocks off Freret St

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30530118
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 10 Units
Building Size (RSF): 5,936 SF
Gross Building Area: See Agent
Sale Price: $1,195,000
Unit Price: $119,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 3/29/2020

Overview / Comments

10 UNITS-5 DOUBLES ON ONE LOT!!! Exciting, Unique Investment Opportunity! 10 rentals renovated between 2014 & 2019. Well Maintained Property provides a community environment for tenants in a highly desirable location 2 blocks from Freret Street, which offers restaurants, coffee shops, night spots, hardware store and will soon have a supermarket! Easy to rent. Each unit has Washer & Dryer Hookups. LOTS OF POTENTIAL!

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41049258
Zoning: HU-RD2
Percent Occupied: 90%
Property Located Between: Valence and Upperline
Total Number of Buildings: 5
Property Condition: Average
Year Renovated: 2016
Roof Type: Gable
Construction/Siding: HardiePlank Siding, Vinyl Siding, Wood Siding
Laundry: Shared
Sprinklers: None
Heat Type: Space Heaters
Heat Source: Other
Fuel: Gas, Electric
Air Conditioning: Window Unit
Lot Frontage: 85
Lot Depth: 150/152
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 38,448 179,803 398,997
Median Age: 34.13 35.97 37.21
Households: 16,017 77,527 168,570


Photograph of Listing Agent

Michael Zarou

NAI/Latter & Blum Commercial New Orleans
New Orleans, LA
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