3223 Third St - Apartments FOR SALE


New Orleans, LA 70125
$2,800,000 USD
504-525-9763
3223 Third St, New Orleans, LA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/30
null | 6.71% Cap Rate

3223 Third St
New Orleans, LA 70125


HIGHLIGHTS

  • New Roof: Only 2 years old, ensuring peace of mind and low maintenance costs.
  • Separate Utilities: Each unit has its own water and electric meter.
  • Parking: 24 assigned parking spots for tenants' convenience.
  • Financing: Seller offers attractive Bond for Deed financing with just 14% down and $14,000 monthly payments.
  • Income: Total monthly rent collection is $21,000, providing a solid return on investment.

OVERVIEW

Turnkey 24-Unit Gem in Uptown NOLA with Bond for Deed Financing! Welcome to this exceptional 24-unit apartment community located in the vibrant Hoffman Triangle of Uptown New Orleans. This well-maintained property features a mix of 20 spacious 2-bedroom, 1-bath units, 3 cozy 1-bedroom, 1-bath units, and 1 convenient studio unit. Highlights: - New Roof: Only 2 years old, ensuring peace of mind and low maintenance costs. - Separate Utilities: Each unit has its own water and electric meter. - Parking: 24 assigned parking spots for tenants' convenience. - Financing: Seller offers attractive Bond for Deed financing with just 14% down and $14,000 monthly payments. - Income: Total monthly rent collection is $23,369, providing a solid return on investment. Don't miss this fantastic opportunity to own a profitable and well-located property in one of New Orleans' most desirable neighborhoods. Schedule a private viewing today!

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

24

PRICE/UNIT

$116,667

CAP RATE

6.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

International Apts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

-

APN/PARCEL ID

4-12-4-018-02

ASK ABOUT THIS PROPERTY

Ross TalbotTalbot Realty GroupMore Info
504-525-9763

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Ross TalbotTalbot Realty GroupMore Info
504-525-9763

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