100% occupied, producing $17825/month gross rental income. Value add opportunity in A+ location on Magazine Street with ability to increase rents 30-40% (increase to $21,795/month) with minor cosmetic renovations. 2331-33 Magazine St, New Orleans, LA 70130. Historic multifamily in the Garden District on Magazine Street. Two connected three-story wood-frame buildings with 16 one-bedroom units totaling approximately +/-9,875 Gross SF on an approximately +/-9,148 SF lot. Frontage on the Magazine Street corridor. Close proximity to restaurants, retail, entertainment, and cultural amenities. St. Charles Avenue streetcar line within walking distance. Rear parking. Tenant-paid utilities. All information is deemed reliable but not guaranteed; buyer and buyer’s agent to verify.
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Listing Snapshot
Price
$2,520,000
Days On Site
48 Days
Bedrooms
16
Inside Area (SqFt)
9,875 sqft
Total Baths
16
Full Baths
16
Partial Baths
N/A
Lot Size
0.225 Acres
Year Built
1860
MLS Number
2575779
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Appraiser
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Recent Activity
2 months ago
Listing first seen on site
2 months ago
Listing updated with changes from the MLS
General Features
Acres
0.225
Cross Street
First Street & Jackson Avenue
Foundation
Raised
Green Energy Efficient
Water Heater
Levels
Three Or More
Parking
AssignedOff Street
Property Sub Type
Apartment
Sewer
Public Sewer
Style
Other
Water Source
Public
Interior Features
Cooling
Window Unit(s)
Heating
Laundry Features
Common Area
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Exterior Features
Construction Details
Wood Siding
Exterior
Balcony
Lot Features
City LotRectangular Lot
Pool Features
None
Roof
Shingle
Listing courtesy of Bridgewater Realty Advisors, LLC
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