Address: 1917 Leonidas Street, New Orleans, LA 70118
Excellent value-add opportunity that contains six (6) fully-occupied units with off-street parking in the Leonidas market area. The building itself is a solid, two-story, brick veneer structure with a small courtyard, balcony/walkway, and 5 parking spaces. Located in an area where rents and property values are increasing, this serves as a rare value-add opportunity for an investor to perform minor cosmetic renovations and continue to take advantage of the increasing rental rates in the area. The property is 4 blocks from S. Claiborne Avenue and 5 blocks from S. Carrollton Avenue. New roof (2020) and separate electric and gas meters.
Sale Price: $595,000 | $99,167 Per Unit
Land Area: +/- 4,000 SF
Gross Building Area: +/- 2,700 SF
# of Units: Six (6) Units
Parking: Five (5) off street parking spots available
Zoning: HU-RD2, Historic Urban Two-Family Residential District
Rental Income: $5,535 Per Month | $66,420 Per Year
For further listing details please contact Mason McCullough 504.298.8631 or Grant Hodgins 985.778.5494
