MIXED-USE RESIDENTIAL PORTFOLIO 2 Properties Offered at $3,900,000 in New Orleans, LA

Available as a portfolio sale, 1431 Baronne Street, et al, offers a total of
fifteen fully leased residential units, two leased commercial units, and
one currently vacant (shell condition) unit, all along the rapidly improving
Baronne Street corridor. The site includes two of the corners at the
signalized intersection of Baronne Street and MLK Blvd. Most tenants
are on month-to-month leases, allowing for easy renovation and
re-leasing.
1432 Baronne Street includes 10 residential units and a commercial unit
leased to a dog groomer. 1431 Baronne Street includes 4 residential
units, a large commercial space on the ground floor leased to a corner
store, and a currently vacant former commercial unit on the ground
floor that is currently being used as storage. 1429 Baronne Street is a
3-bedroom single-family house that is leased to a short-term rental
operator with a commercial license in place.
The offering provides strong day-one returns along with a value add
opportunity to increase rents by performing basic renovations and improvements.
Full rent roll and additional photos/information are available
upon request