1917 Leonidas St - Apartments FOR SALE


New Orleans, LA 70118- Leonidas
$650,000 USD
504-582-9251
1917 Leonidas St, New Orleans, LA for Sale
$650,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1917 Leonidas St
New Orleans, LA 70118
Leonidas


OVERVIEW

1917 Leonidas Street is an investment opportunity that is zeroed in on the New Orleans metro areas most critical need, and what is in the most demand in the Multi-Family space – Workforce Housing. Its 100% occupancy speaks to this constant demand. Located near the parish line in the Leonidas neighborhood, it sits just a few blocks from the intersection of Claiborne and Carrolton Avenues and is conveniently located near multiple streams of public transit, as well as the Uptown and University neighborhoods, River Road, and Jefferson Parish. The improvements consist of 6, 1 Bedroom/1Bath units. The units are separately metered for utilities and are well maintained. Significant barriers to entry in the immediate neighborhood provide for strong future demand and stable occupancy.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$228 USD /SF

# OF UNITS

6

PRICE/UNIT

$108,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

HU-RD2

APN/PARCEL ID

7-16-3-025-12

ASK ABOUT THIS PROPERTY

Troy HagstetteThe McEnery CompanyMore Info
504-582-9251

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

Troy HagstetteThe McEnery CompanyMore Info
504-582-9251

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