MIXED-USE RESIDENTIAL PORTFOLIO FOR SALE


New Orleans, LA - Central City
$3,900,000 USD
504-301-1002
, New Orleans, LA for Sale
$3,900,000 USD
FOR SALE
1/14
null | Request Cap Rate

MIXED-USE RESIDENTIAL PORTFOLIO
New Orleans, LA
Central City


OVERVIEW

Available as a portfolio sale, 1431 Baronne Street, et al, offers a total of fifteen fully leased residential units, two leased commercial units, and one currently vacant (shell condition) unit, all along the rapidly improving Baronne Street corridor. The site includes two of the corners at the signalized intersection of Baronne Street and MLK Blvd. Most tenants are on month-to-month leases, allowing for easy renovation and re-leasing. 1432 Baronne Street includes 10 residential units and a commercial unit leased to a dog groomer. 1431 Baronne Street includes 4 residential units, a large commercial space on the ground floor leased to a corner store, and a currently vacant former commercial unit on the ground floor that is currently being used as storage. 1429 Baronne Street is a 3-bedroom single-family house that is leased to a short-term rental operator with a commercial license in place. The offering provides strong day-one returns along with a value add opportunity to increase rents by performing basic renovations and improvements. Full rent roll and additional photos/information are available upon request

ASK ABOUT THIS PROPERTY

Aaron Kazanoffben + burkaMore Info
504-301-1002

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

Aaron Kazanoffben + burkaMore Info
504-301-1002

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