$1,500,000
$1,650,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
5,850 SqFt
SOLD DATE : 09/29/2023
Key Details
Sold Price $1,500,000
Property Type Multi-Family, Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,850 sqft
Price per Sqft $256
Subdivision Other
MLS Listing ID 2023012296
Lot Size 8,276 Sqft
Property Description
This 8-unit property has undergone a full renovation and now boasts a modern look with curb appeal. The current owner has put over $500,000 into renovations since purchasing in 2018. All units are 2 bed, 1 bath. All 6 of the residential units are currently leased, and the property currently has two short term rental AirBnB units averaging significant additional income (2.6x monthly income of the highest residential rent). The property is located within the Central City neighborhood, just 3 blocks off of St Charles Ave and 5 minutes from S Claiborne Ave, giving it convenient access to the interstate and several New Orleans tourism hotspots. ? Full renovation since 2018 ? Residential units 100% Occupied ? 2 STR AirBnB units producing significant additional income ? Located 3 blocks off St. Charles Ave ***To access the FINANCIALS (rent roll, income, expense, etc.), please view the property on our website elifinrealty.com. From there, you?ll be able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don?t already have an account, you can create one for free.***
Location
State LA
Parish Orleans
Area Oth Mls Area 95 (Other)
Schools
School District Orleans Parish
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