Remarks
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.
Details
- Listing ID:
- NO2548285
- Parish
- Orleans
- Financing
- Owner Will Carry
- Assessment
- 37W316213
- Legal Desc
- SQ 1930 LOT 16A 125/188X205/106 APARTMENTS
Interior
- Cooling
- Central Air
- Heating
- Central
- Lot Dimensions
- 24336
Exterior
- Construction
- Brick
- Lot Size Area
- 0.55 ac
- Roof
- Composition
![Image Description]()
Location
- Directions
- Bounding Streets: Abundance St and Music St
- Parish
- Orleans
