MId-City Money Maker

Multi-Family for Sale
Catylist Listing ID: 30294977
Number of Units: 5 Units
Building Size (RSF): 4,109 SF
Gross Building Area: 4,500 SF
Sale Price: $599,000
Unit Price: $119,800 Per Unit
Property Use Type: Investment
Building Name: 423 S Lopez St
Usable Size (USF): 4,109 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/14/2018

Overview / Comments

Quiet Listing. DO NOT DISTURB tenants. No sign will be posted. LOCATION! LOCATION! LOCATION! Great investment opportunity in Mid-City, 2 blocks off Jeff Davis. 5 loft-style renovated units–each unit updated when there was a vacancy. Each unit contains its own SS appliances, washer/dryer unit. Owner's unit has central A/C and hardwood floors; PTAC AC/Heat units in other apartments.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41036342
Zoning: B-2, NEIGHBORHOOD COMMERCIAL DISTRICT
Percent Occupied: 100%
Property Located Between: N Broad and Jeff Davis
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 25
Year Built: 1936
Year Renovated: 2015
Roof Type: Other
Construction/Siding: Wood Frame
Exterior Description: Wood frame with stucco front.
Laundry: In Each Unit
Heat Source: Central, Wall Units
Fuel: Gas, Electric
Air Conditioning: Other
Lot Frontage: 34.6
Lot Depth: 153.1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,463 203,579 391,211
Median Age: 32.09 36.8 37.24
Households: 10,061 90,018 168,216

Contact

Photograph of Listing Agent

Stephanie Morris

Century 21 SELA Metairie Metairie, LA 70001
Not a member of MCAR CIE
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