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1835 Burgundy Street

New Orleans, LA 70116
  • $1,200,000
  • STATUS: Active
  • ON SITE: 173 Days
  • MLS #: 2450132
UPDATED: 68 min ago
$1,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 2,680
    SQFT
  • $448
    $/SQFT
Type:
Multi-Family
Built:
1982
County:

School Ratings & Info

Description

1835 Burgundy Street is a one of a kind 8-unit apartment building in the highly sought-after Marigny Triangle market, just blocks from the French Quarter. Each unit is legally described as a separate condominium which provides for an excellent exit strategy for potential buyer. This is an great opportunity for a buyer to purchase 8-unit package, sell (6) of the condos at market value ($200k) to recoup total investment, and then keep (2) of the condos as an owner's unit or as rental units. Property is offered in its entirety units 1-8. Each studio unit offers a perfect blend of modern convenience and ample living space. The property includes garage parking and gated security for tenants. Building also includes a large deck on the second floor with view of the French Quarter. Investors will have the opportunity to increase monthly gross income by $2,800 which includes raising the current rental rates to market as well as renting out the garage space for $200 per month. This is a chance to own an extraordinary asset in one of the best locations in the New Orleans area. Do NOT disturb tenants

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Broker and Associates are licensed in the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA.

Terms & Conditions
© 2024 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keaty Real Estate, LLC. Data last updated: 2024-11-12T23:34:46.33.
www.keatyrealestate.com/homes/150853897
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1835 Burgundy Street New Orleans, LA 70116

  • Price: $1,200,000
  • Status: Active
  • On Site: 173 Days
  • Updated: 68 min ago
  • MLS #: 2450132
0
Beds
8
Baths
0
½ Baths
N/A
Acres
2,680
SQFT
$448
$/SQFT
1982
Built
County:
Orleans
Property Description
1835 Burgundy Street is a one of a kind 8-unit apartment building in the highly sought-after Marigny Triangle market, just blocks from the French Quarter. Each unit is legally described as a separate condominium which provides for an excellent exit strategy for potential buyer. This is an great opportunity for a buyer to purchase 8-unit package, sell (6) of the condos at market value ($200k) to recoup total investment, and then keep (2) of the condos as an owner's unit or as rental units. Property is offered in its entirety units 1-8. Each studio unit offers a perfect blend of modern convenience and ample living space. The property includes garage parking and gated security for tenants. Building also includes a large deck on the second floor with view of the French Quarter. Investors will have the opportunity to increase monthly gross income by $2,800 which includes raising the current rental rates to market as well as renting out the garage space for $200 per month. This is a chance to own an extraordinary asset in one of the best locations in the New Orleans area. Do NOT disturb tenants
Exterior Features

Construction Materials Brick Exterior Features BalconyFence Foundation Details Slab Garage YN Yes Lot Features Corner LotCity Lot Lot Size Dimensions 3072 Parking Features Garage Patio And Porch Features Balcony Pool Features None Roof Shingle

Interior Features

Cooling Window Unit(s) Heating Window Unit Heating YN Yes Laundry Features Common Area

Property Features

Architectural Style Other Cooling YN Yes Levels Two Owner Pays Water Property Condition Excellent Property Sub Type Apartment Security Features Closed Circuit Camera(s) Sewer Public Sewer Special Listing Conditions None Tenant Pays Electricity Watersource Public

Gulf South Real Estate Information Network Listing courtesy of Gulf South Real Estate Information Network.
Listing provided courtesy of Bryce Danna-Marullo of Bridgewater Realty Advisors, LLC: (504) 901-0463.



Broker and Associates are licensed in the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA.

Terms & Conditions
© 2024 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keaty Real Estate, LLC. Data last updated: 2024-11-12T23:34:46.33.
 
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Keaty Real Estate, LLC
350 Doucet Road, Suite B
Lafayette LA, 70503