Address: 2825 Amelia Street, New Orleans, LA 70115
Great opportunity to purchase a 100% occupied ten (10) unit multi-family asset in the New Orleans area. The improvements consist of one building with a total of ten (10) fully occupied apartments. Approximately ten (10) total off-street parking spaces are provided for the tenants. The building is well maintained and have stabilized, in-place cash flow. The location and the proximity to both the surrounding neighborhoods and the direct proximity to multiple retailers, schools and places of work provide stability and rent appreciation.
List Price: $975,000
Capitalization Rate: +/- 9.1%
NOI: +/- $88,542 Per Annum
GBA: +/- 8,000 SF – 100%Occupancy
Site Size: +/- 11,616 Square Feet
Zoning: HU-RM1- Historic Urban Multi-Family Residential District
Property Mix: One Building with a total of 10 units
Unit Makeup: (4) 3 bed/1 bath + (4) 2 bed/ 1 bath + (2) 1 bed/ 1 bath
For further information please contact Cameron Griffin 504-535-5680
