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31422591
31422612

Annette st, New Orleans, LA 70119

KL
LA 995712463
The Agency of M. Grass Group
Listed by The Agency of M. Grass Group
$324,500
69 days on market
Updated 39 days ago

3-PLEX w/ LOT-Seller Financing 12% Down

Details
Property Type Multifamily
Sub Type Apartment Building
Units 3
Cap Rate 11.45%
NOI $37,150
Occupancy 100%
Pro-Forma Cap Rate 12%
Pro-Forma NOI $38,950
Class B
Year Renovated 2023,2025
Buildings 2
Lot Size (SqFt) 6,400
Investment Type Stabilized

3-PLEX+LOT- 12% Down Seller Financing

Marketing description

Nicely Cash Flowing Triplex w/ opportunity for package deal adding 9 units - only 3-4 blocks away. 9 Unit listed @ 2831 Pauger Street. Only minutes from Downtown, French Quarter, Fairgrounds, & City Park.

Corner properties PLUS Yard is actually a separate multifamily-zoned vacant lot w/ potential for additional duplex development. This area is HOT & on the come-up with construction all around! Purchase portfolio and build in the future for a total 14 units..

Home has a sturdy brick structure & various features including a New & warrantied Fortified Roof, efficient dual pane windows

NEW Solar System reducing utilities, New LVP flooring throughout, 2-3-car gated driveway w/ Carport.

BIG EASY Cashflow!

Owner may finance @ 340K - 12% Down - 7% interest - 30yr AM - Balloon 24 Months. No Seller Second Liens or Preferred Equity. Terms more negotiable w/ package deal or Cash sale.

Investment highlights

Raised Brick Triplex in X flood zone on Corner lot w/ in-place Cashflow & new leases. Get in this growth heavy area just before it turns the corner.

Listing Contacts

KL
LA 995712463
The Agency of M. Grass Group
Listed by The Agency of M. Grass Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,150.00
$3,095.83/mo

Valuation Metrics

0
DSCR
11.45%
Cap Rate
11.45%
ROI

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Additional Information

Name
Kemet LLC
License
995712463
Brokerage
The Agency of M. Grass
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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