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2853 Dryades St 8 Unit Apartment Building $825,000 ($103,125/Unit) 10% Cap Rate New Orleans, LA 70115
Investment Highlights
- Investment Opportunity!
Executive Summary
2853 Dryades Street is an investment opportunity that is zeroed in on the New Orleans metro areas most critical need, and what is in the most demand in the multi-Family space – Workforce Housing. Its 100% occupancy speaks to this constant demand. Located in Central City, its has close proximity to major North/South and East West thoroughfares and is conveniently located near multiple streams of public transit, as well as Uptown New Orleans and the CBD. There is a significant amount of new single family housing being constructed in the immediate area, as well as commercial activity.
The improvements consist of 8, 1 Bedroom/1Bath units. The units are separately metered for electrical and are well maintained. Significant barriers to entry in the immediate neighborhood provide for strong future demand and stable occupancy.
The improvements consist of 8, 1 Bedroom/1Bath units. The units are separately metered for electrical and are well maintained. Significant barriers to entry in the immediate neighborhood provide for strong future demand and stable occupancy.
Property Facts
| Price | $825,000 | Property Subtype | Apartment |
| Price Per Unit | $103,125 | Building Class | C |
| Sale Type | Investment | Building Size | 3,500 SF |
| Cap Rate | 10% | No. Stories | 2 |
| No. Units | 8 | Year Built | 1990 |
| Property Type | Multifamily | ||
| Zoning | HU-RD2 | ||
| Price | $825,000 |
| Price Per Unit | $103,125 |
| Sale Type | Investment |
| Cap Rate | 10% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 3,500 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Zoning | HU-RD2 |
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Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 4-12-2-026-20 | Improvements Assessment | $38,930 |
| Land Assessment | $8,320 | Total Assessment | $47,250 |
Property Taxes
Parcel Number
4-12-2-026-20
Land Assessment
$8,320
Improvements Assessment
$38,930
Total Assessment
$47,250
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2853 Dryades St
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