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2331-2333 Magazine St
New Orleans, LA 70130
Multifamily Property For Sale
·
16 Units
Executive Summary
New roof and exterior paint job in 2022.
Favorable utility metering.
Laundry income.
Big unit upgrade upside.
Favorable utility metering.
Laundry income.
Big unit upgrade upside.
Property Facts
| Price Per Unit | $189,063 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.50% | Building Size | 9,500 SF |
| No. Units | 16 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1830 |
| Apartment Style | Low-Rise | Parking Ratio | 0.84/1,000 SF |
| Zoning | Commercial | ||
| Price Per Unit | $189,063 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 9,500 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1830 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 590 |
Property Taxes
| Parcel Number | 4-11-2-039-05 | Improvements Assessment | $72,620 |
| Land Assessment | $40,500 | Total Assessment | $113,120 |
Property Taxes
Parcel Number
4-11-2-039-05
Land Assessment
$40,500
Improvements Assessment
$72,620
Total Assessment
$113,120
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