Address: 1913 Seventh Street, New Orleans, LA 70115

Excellent value-add opportunity in Central City area that is seeing a lot of new development and growth. This 10-unit apartment complex is located 3 blocks from St. Charles Avenue, and is in a great position for cosmetic renovations and rental rate increases. The property has plenty of parking for residents and each unit is separately metered for electricity. The complex is 100% occupied, which presents a great opportunity to perform minor renovations while receiving cash flow to cover expenses and debt service.

Sale Price: $785,000 | $78,500 Per Unit | $150.76 PSF

Land Area: +/- 9,503 SF

Gross Building Area: +/- 5,207 SF

# of Units: Ten (10) Units

Parking: Seven (7) Parking Spaces + Street Parking, additional area in rear

Zoning: HU-RD2, Historic Urban Two-Family Residential District

Rental Income: $6,756 Per Month | $81,072 Per Year | 100% Occupied

Please contact Cameron Griffin (843.754.7580) or Mason McCullough (504-298-8631) for further details.

1913 7th OM 4.14.22