Address: 4001 Camp Street, New Orleans, LA 70115
Excellent opportunity Uptown. This value-add 3-unit apartment complex is located at the corner of Constantinople and Camp, and is in a great position for renovation and rental rate increases, or single- family conversion. Each unit is separately metered for electricity.
The two (2) second-story 1/1 units were more recently renovated in 2016. The ground-floor unit has been occupied by the same tenants for 30 years and is in need of renovation. The property is being delivered vacant. At some point the property had 4 rental units as evidenced by the electrical meters. There is room to create off-street parking or outdoor living space at the rear of the building off Constantinople.
Sale Price: $495,000 | $165,000 Per Unit | $168.02 PSF
Land Area: +/- 3,480 SF
Gross Building Area: +/- 2,946 SF
# of Units: Three (3) Units
Zoning: HU-RD2, Historic Urban Two-Family Residential District
Rental Income: +/-$3,850 Per Month | $46,200 Per Year
Contact Gordon McLeod (504.717.3648) for more information or to schedule a showing.