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1905 Carrollton Apartments 1905 S Carrollton Ave 20 Unit Apartment Building $2,795,000 ($139,750/Unit) New Orleans, LA 70118
INVESTMENT HIGHLIGHTS
- strategically positioned along the iconic New Orleans streetcar route, nestled in the vibrant Uptown/University neighborhood.
EXECUTIVE SUMMARY
Discover this incredible opportunity to invest in an apartment building strategically positioned along the iconic New Orleans streetcar route, nestled in the vibrant Uptown/University neighborhood. Picture your tenants effortlessly hopping on the streetcar to commute to work, to attend classes at Tulane or Loyola, or to explore the wonders of Audubon Park. This property offers a prime opportunity to expand your real estate portfolio with a well-established building primed for value enhancement. Featuring 20 inviting one-bedroom, it presents a dynamic investment prospect. What's more, consider the potential of acquiring its sister property at 1710 S Carrollton Ave, boasting an additional 20 one-bedroom units and 4 studio units, to maximize your investment synergy. With the added convenience of coin-operated laundry facilities on-site, this is a compelling opportunity tailor-made for savvy local investors familiar with the lively rhythm of the New Orleans market.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 20 | - | - |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 7-16-3-020-01 | Improvements Assessment | $84,380 (2025) |
| Land Assessment | $36,000 (2025) | Total Assessment | $120,380 (2025) |
PROPERTY TAXES
Parcel Number
7-16-3-020-01
Land Assessment
$36,000 (2025)
Improvements Assessment
$84,380 (2025)
Total Assessment
$120,380 (2025)
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1905 Carrollton Apartments | 1905 S Carrollton Ave
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