Listed by Elifin Realty - New Orleans, LA
$475,000
100% Occupied Fourplex in Rapidly Developing Neighborhood
Details
APN 37W204101
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,016
Units 4
Occupancy 100%
Price per SqFt $157
Buildings 1
Stories 2
Acreage 0.150
Zoning HU-RD2 – Historic Urban Two-Family Residential District
Investment Type Value Add
Multifamily | 4 Units | $118,750/unit
Marketing description
Now available for sale, 2201 Annette St is a 100% occupied, ±3,016 SF fourplex within a neighborhood characterized by vibrant growth and transformation.
This property is unique in the neighborhood for its multifamily zoning (HU-RD2).
The complex presents a lucrative opportunity for investors through strong cash flow and potential for rent increases through value-add cosmetic and amenity upgrades.
Annette St is nestled in an area rapidly developing with new constructions and renovations and near St Bernard Ave, making it highly attractive for tenants.
Tenants will benefit from proximity to essential city landmarks, including the Faubourg Marigny, the Fairgrounds, St Roch Market, and the French Quarter, enhancing the living experience. Additionally, the property offers convenient ±3 minute access to I-10.
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Investment highlights
- 100% Occupied
- Existing cash flow with further value-add potential
- Multifamily zoning (HU-RD2)
- Proximity to I-10
Listing Contacts
Listed by Elifin Realty - New Orleans, LA
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