Address: 1601 Lesseps Street, New Orleans, LA 70117

An excellent opportunity to acquire a thriving multi-family property in the vibrant New Orleans locale! The property is comprised of two (2) well-maintained buildings housing a total of eight (8) fully occupied apartments. Boasting a total of eight (8) individual off-street parking spaces exclusively for tenants, convenience is at the forefront. These properties are stabilized, with in-place cash flow but also strategically located near other stabilized bustling neighborhoods, renowned retailers, esteemed schools, and bustling workplaces, ensuring stability and promising rent appreciation. Don’t miss out on this golden investment opportunity!

List Price: $700,000

Capitalization Rate: 10.54%

Net Operating Income: $73,798 per annum

GBA: +/- 7,362 square feet

Occupancy: 100%

Total Combined Site Size: +/- 6,696 SF

Zoning: HU-B1 – Historic Urban Neighborhood Business District

Property Mix: An assemblage of eight (8) residential units distributed across two (2) distinct buildings. Each unit is designed with two (2) bedrooms and one (1) bathroom, embodying a well-conceived and attractive residential configuration.

Please contact Cameron Griffin at 504-535-5680 for more information.

1601 Lesseps OM 6.4.24