2500 Freret St - Apartments FOR SALE


New Orleans, LA 70113- Central City
$2,300,000 USD
504-444-7897
2500 Freret St, New Orleans, LA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

2500 Freret St
New Orleans, LA 70113
Central City


HIGHLIGHTS

  • Great Investment Opportunity!

OVERVIEW

This multifamily portfolio located in the heart of New Orleans’ This rare offering includes seven (7) multifamily buildings, with six (6) recently renovated structures featuring updated interiors, modern systems, and attractive curb appeal. The seventh building presents a value-add opportunity, requiring a full renovation, allowing a savvy investor to increase income and enhance overall yield. Situated along the vibrant Freret Street corridor, the area has seen notable growth in recent years. The asset qualifies for HANO (Housing Authority of New Orleans) vouchers, offering stable income backed by government subsidy and expanding affordability for tenants. With a diverse mix of unit types and strong rental demand in the area, 2500 Freret Street is ideally positioned for both cash flow and long-term appreciation

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

14

PRICE/UNIT

$164,286

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,626 SF

ZONING

HU-RD2

APN/PARCEL ID

4-12-3-017-15,4-12-3-017-16,4-12-3-017-17,4-12-3-017-24,4-12-3-017-25,4-12-3-017-26,4-12-3-017-27,4-12-3-017-28,4-12-3-017-29

ASK ABOUT THIS PROPERTY

Cameron LombardoRE/MAX Commercial Brokers, Inc.More Info
504-444-7897

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Cameron LombardoRE/MAX Commercial Brokers, Inc.More Info
504-444-7897

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