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332 S Norman C Francis Pky 4 Unit Apartment Building Offered at $299,000 New Orleans, LA 70119
INVESTMENT HIGHLIGHTS
- Near greenway, supermarkets, and local restaurants and bars
- Architectural framework details like wood floors, exposed brick
- Easy connection to I-10 and CBD
EXECUTIVE SUMMARY
This 3,200-sf Mid-City four-plex is in a dynamic area, looking onto the Norman C. Francis greenway and walking/bike trail. This primarily residential area features local restaurants and bars and is a 5-minute drive to the Whole Foods Market on Broad Street and the proposed Trader Joe’s.
The property consists of four 800-sf units. The upstairs units feature one bedroom and one bathroom, while the downstairs units feature two bedrooms and one bath. Wood floors, exposed brick, and wood cabinetry are located throughout. While only one unit is leased, this would be a great rental portfolio addition following some careful renovations to provide thoughtful upgrades.
The property consists of four 800-sf units. The upstairs units feature one bedroom and one bathroom, while the downstairs units feature two bedrooms and one bath. Wood floors, exposed brick, and wood cabinetry are located throughout. While only one unit is leased, this would be a great rental portfolio addition following some careful renovations to provide thoughtful upgrades.
PROPERTY FACTS
| Price | $299,000 | Lot Size | 0.07 AC |
| Price Per Unit | $74,750 | Building Size | 3,200 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 4 | Year Built | 1945 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | R | ||
| Price | $299,000 |
| Price Per Unit | $74,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.07 AC |
| Building Size | 3,200 SF |
| No. Stories | 2 |
| Year Built | 1945 |
| Opportunity Zone |
Yes |
| Zoning | R |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 6+4 | 4 | - | 800 |
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Biker's Paradise (98)
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332 S Norman C Francis Pky
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