Address: 1216-1224 Marengo Street, 4102-4104 Perrier Street, New Orleans, LA 70115 – Uptown / Lake Corner
Excellent development and/or investment opportunity in the Heart of Uptown! Located just three blocks off St Charles Avenue, The improvements consist of three separate buildings containing a total of thirteen (13) One Bedroom Units, with a Net Rentable Area of 8,390 sq/ft. Each unit has separately metered electrical service. Covered parking via several spaces in rear yard. Well located, established asset! This large corner of real estate is also very well suited for single-family conversion to a grand estate.
Price: $1,950,000 ALL CASH at Act of Sale
Building Area: 8,390 SF
Unit Count: Thirteen (13), 1 BR Units
Site Size: 85′ along Marengo Street, and 121′ along the Upriver side of Perrier Street.
Zoning: HU-RD2 Historic Urban Two-Family Residential District.
Gross Rent: $11,345 per month (based off existing below market rents and w/ current rents on vacancy)
For further listing information, or to schedule a showing, please contact Parke McEnery (504.236.9542) or Troy Hagstette (504.251.5719)