**Big Price Reduction** Multi-Family Redevelopment Opportunity

Multi-Family for Sale
Catylist Listing ID: 30800952
Property Subtypes: Duplex/Fourplex
Number of Units: 6 Units
Building Size (RSF): 4,105 SF
Gross Building Area: See Agent
Gross Land Area: 4,601 SF
Sale Price: $600,000
Unit Price: $100,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/27/2023

Overview / Comments

Excellent opportunity to redevelop a great asset in the heart of Uptown. Just two blocks from both Magazine Street and Prytania, the property is steps away from many area amenities; Lilette, CVS/Walgreens, Poke Loa, Dat Dog, the Bulldog, The Rum House, Breaux Mart and many other restaurants and retail.

The building is currently configured for 6 individual units each with a bathroom and kitchen. The bottom floor could be combined into one larger unit or keep as two separate units. The 2nd floor houses 3 units and the third floor 1 unit.

The property is approximately 4,601 square feet (43 x 107).

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41046711
Zoning: HU-RD2
Total Number of Buildings: 1
Property Condition: Fair
Number of Stories: 3
Lot Frontage: 43
Lot Depth: 107
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 30,104 179,997 408,171
Median Age: 37.42 36.33 36.87
Households: 15,133 77,476 168,399
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.