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.