2853 Dryades St - Apartments FOR SALE


New Orleans, LA 70115- Central City
$825,000 USD
504-582-9251
2853 Dryades St, New Orleans, LA for Sale
$825,000 USD
Apartments - FOR SALE
1/7
null | 10% Cap Rate

2853 Dryades St
New Orleans, LA 70115
Central City


HIGHLIGHTS

  • Investment Opportunity!

OVERVIEW

2853 Dryades 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 in Central City, its has close proximity to major North/South and East West thoroughfares and is conveniently located near multiple streams of public transit, as well as Uptown New Orleans and the CBD. There is a significant amount of new single family housing being constructed in the immediate area, as well as commercial activity. The improvements consist of 8, 1 Bedroom/1Bath units. The units are separately metered for electrical and are well maintained. Significant barriers to entry in the immediate neighborhood provide for strong future demand and stable occupancy.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$236 USD /SF

# OF UNITS

8

PRICE/UNIT

$103,125

CAP RATE

10%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

HU-RD2

APN/PARCEL ID

4-12-2-026-20

ASK ABOUT THIS PROPERTY

Troy HagstetteThe McEnery CompanyMore Info
504-582-9251

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Troy HagstetteThe McEnery CompanyMore Info
504-582-9251

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