34-Unit Multifamily | ±18,944 SF | 0.56 Acres | HU-MU Zoning
Well-positioned 34-unit, two-story multifamily apartment complex along the Broad Street corridor in New Orleans, easy access to Gentilly, Mid-City, Seventh Ward, Fair Grounds Race Course, I-610, and I-10. The property contains 34 one-bedroom / one-bath units (approximately 500 SF each). Tenant base includes HANO, LHA, Unity, VOA, providing stable and diversified income.
***Owner Financing Available:
Bond for Deed Terms
15% Down at Closing | 5% Interest Years 1–2 | 30-Year Amortization
Additional 5% Principal at Year 2
7% Interest Years 3–5 | Balloon Due Year 5
Seller Second Terms
75% Down at Closing | Seller Finances 25% Balance
5% Interest | 30-Year Amortization
Balloon Due Year 5***
Part of a larger New Orleans multifamily and commercial portfolio. Contact agent for rent roll, financials, and additional portfolio opportunities.
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Listing Snapshot
Price
$3,390,000
Days On Site
150 Days
Bedrooms
34
Inside Area (SqFt)
14,098 sqft
Total Baths
34
Full Baths
34
Partial Baths
N/A
Lot Size
0.5587 Acres
Year Built
1970
MLS® Number
2548285
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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