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$ 475,000
Est. payment | /mo
2,698 SqFt
$ 475,000
Est. payment | /mo
2,698 SqFt
Key Details
Property Type Multi-Family
Sub Type Apt Complex (5+ Units)
Listing Status Active
Purchase Type For Sale
Square Footage 2,698 sqft
Price per Sqft $176
Subdivision Bywater
MLS Listing ID 2025001898
Lot Size 3,484 Sqft
Property Sub-Type Apt Complex (5+ Units)
Property Description
Access Offering Memorandum here: https://elifinrealty.com/deals/fully-occupied-and-renovated-6-unit-multifamily-opportunity-1444-japonica-st-new-orleans-la-70117/ Now available for sale, 1444 Japonica St is a fully occupied 6-unit multifamily opportunity. The turn-key property was completely renovated in 2023, and features a brand new roof, AC units, water heaters, appliances, kitchen cabinets, plumbing, electrical, interior and exterior paint, and granite countertops. Plumbing has also been run to dedicated outdoor space, with the potential to add laundry facilities to generate additional income. The property currently yields an actual Net Operating Income of $55,048.44 and an 11.59% Cap Rate. Located less than ±10 minutes from I-10, the property provides convenient access to major destinations, including the French Quarter (±10 minutes) and the Central Business District (±15 minutes). Zoned HU-RD2 – Historic Urban Two-Family Residential District. Contact Cade Williams for more information: 225-288-8821
Location
State LA
County Orleans
Interior
Heating Wall Furnace
Cooling Wall Unit(s)
Appliance Microwave, Range/Oven, Refrigerator
Exterior
Garage Spaces 6.0
Private Pool false
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Orleans Parish
Middle Schools Orleans Parish
High Schools Orleans Parish
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
Listed by Elifin Realty
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Dillon Thompson
Agent | License ID: 0995699842