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401, NEW ORLEANS, LA 70121

$60,833+/Unit

Commercial property for sale

Added: 07/18/2011
Last Update: 07/17/2012
401 NEW ORLEANS, LA 70121 US
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Contact info

  • 504-456-1234 [Office] 

Description

FIVE SEPARATE BUILDINGS LOCATED @ 401,403,405 SHREWSBURY & 3117 ARLINGTON. TOTAL OF 18 UNITS IN 5 SEPARATE BUILDINGS NEAR JEFFERSON HIGHWAY, RIVER ROAD, CAUSEWAY BLVD & THE CBD. LOCATED IN QUAINT SINGLE FAMILY NEIGHBORHOOD IN WALKING DISTANCE TO LEVEE. SEPARATE BUILDING WITH MGR/OWNER OFFICE AND LAUNDRY FACILITIES. PLENTY OF PARKING. DID NOT FLOOD EXCEPT FOR 1 UNIT HAD 1/2 INCH. PITCHED ROOF APPROX. 3 YRS. NEW. FLOOD INSURANCE ASSIGNABLE. OWNER MAY FINANCE VIA BOND FOR DEED W $500,000 DOWN PAYMENT. APPROX.$150,000 ANNUAL GROSS INCOME. Building price details: $1,095,000.

Property Details

  • Type: Multifamily
  • Status: Available
  • Year Built: 1960
  • Submarket: Central Business District
  • MSA: New Orleans-Metairie-Kenner
  • Zoning: R-2
  • Buildings: 5
  • Broadband Internet: Cable, DSL, Satellite, Dialup
  • ConstructionBrick

Exterior Features

  • Parking: Yes
  • Parking Spaces: 18
  • Parking Type: Surface

Terms

  • Owner Financing 

Map Locations