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$ 795,000
Est. payment | /mo
4,398 SqFt
$ 795,000
Est. payment | /mo
4,398 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,398 sqft
Price per Sqft $180
MLS Listing ID 2581570
HOA Y/N No
Year Built 1981
Lot Size 6,677 Sqft
Acres 0.1533
Property Description
Great investment opportunity in New Orleans! This fully occupied 10-plex generates $7,350 in monthly rental income ($88,200 annually). The property consists of six (6) 2-bedroom, 1-bath units, two (2) 1-bedroom, 1-bath units, and two (2) efficiency apartments. Each unit includes a range/oven. Conveniently located with quick access to I-10, approximately 15 minutes from the French Quarter and Downtown New Orleans, and just 20 minutes from Louis Armstrong New Orleans International Airport. Zoned HI (Heavy Industrial). Features a metal roof and ceramic tile flooring throughout. Improvements include: Insulated attic with Cellulose insulation, newer windows, new siding, all doors are capped and have updated weatherstripping. Excellent opportunity to acquire an income-producing multifamily property with established rental income!
Location
State LA
County Orleans
Zoning HI
Interior
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Building
Lot Description City Lot, Irregular Lot
Dwelling Type Mixed Use,Other
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 39W412806
Special Listing Condition None
Nearby Locations
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