Address: 2853 Dryades Street, New Orleans, LA 70118
2853 Dryades Street is an investment opportunity that is zeroed in on the New Orleans metro areas most critical need, and what is in the most demand in the multi-Family space – Workforce Housing. Its 100% occupancy speaks to this constant demand. Located in Central City, its has close proximity to major North/South and East West thoroughfares and is conveniently located near multiple streams of public transit, as well as Uptown New Orleans and the CBD. There is a significant amount of new single family housing being constructed in the immediate area, as well as commercial activity.
The improvements consist of 8, 1 Bedroom/1Bath units. The units are separately metered for electrical and are well maintained. Significant barriers to entry in the immediate neighborhood provide for strong future demand and stable occupancy.
List Price: $950,000|$118,750 Per Unit | $271 Sq/Ft
GBA: +/- 3,500 Sq/Ft
# of Units: 8
Lot dimensions: 73′ x 76′ | 5,548 Sq/Ft
Legal Description: 4th Municipal District – Square 276 – Lot C
Zoning: HU-RD2 – Historic Urban Two-Family Residential District
For further listing information, please contact Troy Hagstette 504-251-5719 or Parke McEnery 504-236-9542
