618 S Lopez St - Apartments FOR SALE


New Orleans, LA 70119- Mid-City
$565,000 USD
504-274-2701
618 S Lopez St, New Orleans, LA for Sale
$565,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

618 S Lopez St
New Orleans, LA 70119
Mid-City


HIGHLIGHTS

  • Fully permitted two-unit commercial short-term rental property.
  • MU-2 mixed-use zoning supports commercial operation.
  • Offered fully furnished with furnishings, linens, and televisions.

OVERVIEW

618 South Lopez Street presents a TURN KEY fully permitted, commercially zoned, 2-unit STR property that was completely renovated in 2018 with architecturally significant details, central HVAC, hardwood floors, granite counter tops, new appliances, central HVAC, updated plumbing/electrical, and new brick patio in back yard. Property is offered fully furnished including all linens, TVs, etc. Larger unit (616) is a 3 bedroom and 2 bathroom and contains 1,350 SF. Smaller unit (618) is a 1 bedroom and 1 bathroom and contains 470 SF. Property is steps from Tulane Avenue bike lane and only 1 mile from Downtown New Orleans.

FOR SALE DETAILS

PRICE

$565,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

2

PRICE/UNIT

$282,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

MU-2

APN/PARCEL ID

1-05-2-048-13

ASK ABOUT THIS PROPERTY

Scott WestonThe McEnery CompanyMore Info
504-274-2701

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Scott WestonThe McEnery CompanyMore Info
504-274-2701

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