Rare opportunity to acquire a fully occupied investment property on highly sought-after corridor in New Orleans with upside in rental income and value! This large 3-story, ~8,980 sf building on highly visible corner lot is comprised of nine (9) total spacious units: Two (2) ground floor commercial units & Seven (7) upper floor residential units; 100% occupied - currently producing $12,065/month ($144,780/yr) in gross rental income.
A+ location on Canal Street in desirable Mid City neighborhood - 1 block from Canal & Norman C Francis intersection, with ample parking with 12 spaces in rear of building and multiple spaces in front of building.
Call Bryce (504) 301-5583 or Mason (504) 298-5547 for information or to arrange a showing.
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Listing Snapshot
Price
$2,000,000
Days On Site
14 Days
Bedrooms
N/A
Inside Area (SqFt)
4,250 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.1529 Acres
Year Built
1990
MLS® Number
2574100
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
2 weeks ago
Status changed to Active
2 weeks ago
Listing updated with changes from the MLS®
2 weeks ago
Listing first seen on site
General Features
Acres
0.1529
Cross Street
Rendon, Norman C Francis
Levels
Two
Parking
None
Security
Fire Sprinkler System
Sewer
Public Sewer
SqFt Total
8890
Water Source
Public
Zoning
MU
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Exterior Features
Construction Details
Brick
Lot Features
Corner LotCity Lot
Listing courtesy of Bridgewater Realty Advisors, LLC
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