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

Contact

Photograph of Listing Agent

Michael Zarou

NAI/Latter & Blum Commercial New Orleans
New Orleans, LA
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.