Address: 2123-2127 Carondelet St. New Orleans, LA 70130

This is an charming fully occupied fourteen (14) unit multi-family property that is one street over from St. Charles Avenue, where a host of retailers, restaurants and mixed-use properties are located. There is plenty of room for increased rental rates in the near future. Excellent infill multifamily development potential. Rare opportunity in Garden District that is one block away from St. Charles Avenue and the Mardi Gras parade route. The buildings are extremely lean and simple to manage. Ready for renovation and significant rental growth!

Sale Price: $1,600,000 | $114,000 Per Unit | $213.02 Per Square Foot

# of Units: Two (2) Buildings with a total of Fourteen (14) units

Unit Mix: (1 bed / 1 bath) + (2 beds/ 1 bath) + (Studios)

Building Area: +/- 7,511 SF

Site Area: +/- 6,588SF

Zoning: HU-RM1 – Historic Urban Multi-Family Residential District

Flood Zone: X

Rental Income: Current gross rents $130,200 per annum or $10,850 per month.

For more information or to schedule a showing, Contact Cameron Griffin at 504.535. 5680 or Mason McCullough at 504.274.2721.