Address: 3839-3841 Ulloa Street, New Orleans, LA 70119

Investment opportunity in a 20-unit apartment complex in New Orleans with a total building area of 13,428 sq ft, built in 1970 and renovated over the years. The complex consists of four efficiency units and sixteen 1 Br/Ba units with standard interiors, including ceramic tile flooring, painted sheetrock walls, full kitchen, and one bathroom. Exterior finishes are hardie board siding with concrete block walls and a flat built-up roof. The property features a gated concrete paved parking lot accommodating up to 23 vehicles, outdoor staircases leasing to the second-story units, and coin-based laundry machines in common areas. The property is in good condition and offers consistent rental income, with upside potential, in a prime location.

Price: $1,950,000 | $154.22 PSF

Cap Rate: 6.13% (current w/ 1 vacancy)

Gross Building Area: +/- 13,428 SF

Unit Count: 20 Units

Site Size: +/- 14,307 SF

Parking: 23 Parking Spaces

Zoning: HU-MU | Historic Urban Neighborhood Mixed-Use District

Please contact Gordon McLeod 504-717-3648 or Cameron Griffin 504-535-5680 for further details

3839 Ulloa OM 5.5.23