1905 S Carrollton Ave - Apartments FOR SALE


New Orleans, LA 70118
$2,795,000 USD
504-343-1698
1905 S Carrollton Ave, New Orleans, LA for Sale
$2,795,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1905 S Carrollton Ave
New Orleans, LA 70118


HIGHLIGHTS

  • strategically positioned along the iconic New Orleans streetcar route, nestled in the vibrant Uptown/University neighborhood.

OVERVIEW

Discover this incredible opportunity to invest in an apartment building strategically positioned along the iconic New Orleans streetcar route, nestled in the vibrant Uptown/University neighborhood. Picture your tenants effortlessly hopping on the streetcar to commute to work, to attend classes at Tulane or Loyola, or to explore the wonders of Audubon Park. This property offers a prime opportunity to expand your real estate portfolio with a well-established building primed for value enhancement. Featuring 20 inviting one-bedroom, it presents a dynamic investment prospect. What's more, consider the potential of acquiring its sister property at 1710 S Carrollton Ave, boasting an additional 20 one-bedroom units and 4 studio units, to maximize your investment synergy. With the added convenience of coin-operated laundry facilities on-site, this is a compelling opportunity tailor-made for savvy local investors familiar with the lively rhythm of the New Orleans market.

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

20

PRICE/UNIT

$139,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1905 Carrollton Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RES

APN/PARCEL ID

7-16-3-020-01

ASK ABOUT THIS PROPERTY

John RareshideRE/MAX Residential OfficeMore Info
504-343-1698

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John RareshideRE/MAX Residential OfficeMore Info
504-343-1698

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