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618 S Lopez St 2 Unit Apartment Building $565,000 ($282,500/Unit) New Orleans, LA 70119
Investment Highlights
- Fully permitted two-unit commercial short-term rental property.
- Offered fully furnished with furnishings, linens, and televisions.
- MU-2 mixed-use zoning supports commercial operation.
Executive Summary
618 South Lopez Street presents a TURN KEY fully permitted, commercially zoned, 2-unit STR property that was completely renovated in 2018 with architecturally significant details, central HVAC, hardwood floors, granite counter tops, new appliances, central HVAC, updated plumbing/electrical, and new brick patio in back yard. Property is offered fully furnished including all linens, TVs, etc. Larger unit (616) is a 3 bedroom and 2 bathroom and contains 1,350 SF. Smaller unit (618) is a 1 bedroom and 1 bathroom and contains 470 SF. Property is steps from Tulane Avenue bike lane and only 1 mile from Downtown New Orleans.
Property Facts
| Price | $565,000 | Building Class | B |
| Price Per Unit | $282,500 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 1,820 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2018 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MU-2 | ||
| Price | $565,000 |
| Price Per Unit | $282,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 1,820 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1970/2018 |
| Opportunity Zone |
Yes |
| Zoning | MU-2 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1-05-2-048-13 | Improvements Assessment | $26,110 |
| Land Assessment | $3,180 | Total Assessment | $29,290 |
Property Taxes
Parcel Number
1-05-2-048-13
Land Assessment
$3,180
Improvements Assessment
$26,110
Total Assessment
$29,290
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618 S Lopez St
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