1812 Napoleon Ave - Apartments FOR SALE


New Orleans, LA 70115- Uptown New Orleans
$738,000 USD
504-782-9373
1812 Napoleon Ave, New Orleans, LA for Sale
$738,000 USD
Apartments - FOR SALE
1/24
null | 6.19% Cap Rate

1812 Napoleon Ave
New Orleans, LA 70115
Uptown New Orleans


OVERVIEW

Discover a prime investment opportunity in Uptown New Orleans with this remarkable property. Built in 1920 and extensively renovated in 2017, the 2,952 SF building features two meticulously maintained units, offering a prime 100% occupancy rate. The property's HU-RD2 zoning provides flexibility for a range of uses, making it an ideal choice for prospective investors. Boasting historic charm and modern functionality, this property presents a compelling opportunity to capitalize on the thriving Uptown New Orleans market. With its strategic location and strong rental history, this property is a noteworthy investment prospect for discerning investors in the commercial real estate arena.

FOR SALE DETAILS

PRICE

$738,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

2

PRICE/UNIT

$369,000

CAP RATE

6.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,855 SF

ZONING

-

APN/PARCEL ID

6-14-3-044-03

ASK ABOUT THIS PROPERTY

Ron PatronColdwell Banker CommercialMore Info
504-782-9373

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Ron PatronColdwell Banker CommercialMore Info
504-782-9373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.