Listed by Marcus & Millichap - Baton Rouge
$1,505,000
Second Street Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,000
Units 9
Cap Rate 6.26%
NOI $94,146
Year Built 1900s
Acreage 0.200
Multifamily | 6.26% CAP | 9 Units
Marketing description
Second Street Apartments is a boutique 9-unit multifamily property located in the Central City neighborhood of New Orleans, LA. This 'nfill property features a mix of units, situated on a -O.20-acre site. The property includes fenced yards and off-street parking, offering convenience for residents. Its efficient operations and potential for quick-win improvements make it an attractive opportunity, benefiting from strong rental demand in the area.
Investment highlights
- 9-unit infill multifamily
- Central City location
- -O.20-acre site
- Fenced yards
- Off-street parking
- Boutique efficient operations
- Quick-win improvements
- Strong rental demand
Listing Contacts
Listed by Marcus & Millichap - Baton Rouge
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,146.00
$7,845.50/mo
Valuation Metrics
0
DSCR
6.26%
Cap Rate
6.26%
ROI
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