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2500 Freret St 12 Unit Apartment Building $1,890,000 ($157,500/Unit) New Orleans, LA 70113
INVESTMENT HIGHLIGHTS
- Great Investment Opportunity!
EXECUTIVE SUMMARY
This multifamily portfolio located in the heart of New Orleans’ This rare offering includes six (6) recently renovated doubles featuring updated interiors, modern systems, and attractive curb appeal. The seventh building presents a value-add opportunity, requiring a full renovation, allowing a savvy investor to increase income and enhance overall yield.
Situated along the vibrant Freret Street corridor, the area has seen notable growth in recent years.
The asset qualifies for HANO (Housing Authority of New Orleans) vouchers, offering stable income backed by government subsidy and expanding affordability for tenants. With a diverse mix of unit types and strong rental demand in the area, 2500 Freret Street is ideally positioned for both cash flow and long-term appreciation
Situated along the vibrant Freret Street corridor, the area has seen notable growth in recent years.
The asset qualifies for HANO (Housing Authority of New Orleans) vouchers, offering stable income backed by government subsidy and expanding affordability for tenants. With a diverse mix of unit types and strong rental demand in the area, 2500 Freret Street is ideally positioned for both cash flow and long-term appreciation
PROPERTY FACTS
| Price | $1,890,000 | Building Class | C |
| Price Per Unit | $157,500 | Lot Size | 0.52 AC |
| Sale Type | Investment | Building Size | 9,694 SF |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | HU-RD2 - Historic Urban Redevelopment Zone | ||
| Price | $1,890,000 |
| Price Per Unit | $157,500 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 9,694 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Opportunity Zone |
Yes |
| Zoning | HU-RD2 - Historic Urban Redevelopment Zone |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 14 | - | - |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 4-12-3-017-15 | Improvements Assessment | $0 |
| Land Assessment | $1,720 | Total Assessment | $1,720 |
PROPERTY TAXES
Parcel Number
4-12-3-017-15
Land Assessment
$1,720
Improvements Assessment
$0
Total Assessment
$1,720
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2500 Freret St
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