Description
Excellent value-add opportunity in Central City area that is seeing a lot of new development and growth. This 10-unit apartment complex is 3 blocks from St. Charles Avenue, and is in a great position for cosmetic renovations and rental rate increases. The property has plenty of parking for residents and each unit is separately metered for electricity. The complex is 100% occupied, which presents a great opportunity to perform minor renovations while receiving cash flow to cover expenses and debt service.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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5,207SQFT
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$151$/SQFT
School Ratings & Info
Description
Excellent value-add opportunity in Central City area that is seeing a lot of new development and growth. This 10-unit apartment complex is 3 blocks from St. Charles Avenue, and is in a great position for cosmetic renovations and rental rate increases. The property has plenty of parking for residents and each unit is separately metered for electricity. The complex is 100% occupied, which presents a great opportunity to perform minor renovations while receiving cash flow to cover expenses and debt service.
Broker and Associates are licensed in the State of Louisiana, USA.
Christian Shane Properties || 504-208-5688 || New Orleans, LA.
Terms & Conditions
© 2022 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christian Shane Properties. Data last updated: 2022-05-23T06:34:27.68.
Listing courtesy of Gulf South Real Estate Information Network.