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Listed byBridgewater Realty Advisors • Bryce A Danna-Marullo • 504-901-0463
$ 1,250,000
Est. payment /mo
Active
1734 2ND ST New Orleans, LA 70113
9 Beds
9 Baths
7,494 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Multifamily 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,494 sqft
Price per Sqft $166
MLS Listing ID 2575791
Style Other
Bedrooms 9
Full Baths 9
HOA Y/N No
Year Built 1977
Acres 0.14
Lot Dimensions 60X100
Property Sub-Type Multifamily 5+
Source ROAM MLS
Land Area 7494
Property Description
100% occupied at $10,380 per month ($124,560 gross annualized); value add opportunity with minor cosmetic renovations and ability to increase rents. 1734–1736 Second Street, New Orleans (Central City), at the corner of Second and Baronne. Nine-unit multifamily. Two adjoining addresses on a single tax parcel. Approximately +/-7,500 SF of building on an approximately +/-6,000 SF corner lot. All nine units are one bedroom, one bath, averaging approximately +/-1,000 SF. Property is 100% occupied at $10,380 per month ($124,560 gross annualized), plus coin-operated laundry income. Fenced yards, off-street parking, and conforming HU-RM1 zoning.Located about two blocks from Oretha Castle Haley Boulevard. Nearby points of interest include the Southern Food and Beverage Museum, the Ashé Cultural Arts Center, Café Reconcile, and Central City BBQ. St. Charles Avenue streetcar, Magazine Street, and the Lower Garden District are nearby. The Central Business District, the Superdome, and the downtown medical corridor are also nearby.Utility costs to ownership are limited; major operating expenses include insurance and taxes. At identical unit sizes, the five units at 1736 currently rent approximately +/-6% higher than the four units at 1734. All information is deemed reliable but not guaranteed; buyer and buyer's agent to verify.
Location
State LA
County Orleans
Area 0.14
Interior
Cooling Window Unit(s)
Fireplace No
Exterior
Garage Spaces 2.0
Utilities Available Natural Gas Available
Total Parking Spaces 2
Garage No
Building
Lot Description Other
Foundation Raised
Water Public
Architectural Style Other
New Construction No
Others
Tax ID 412107009
Virtual Tour https://www.propertypanorama.com/instaview/roam/2575791
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