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Listed byBridgewater Realty Advisors • Bryce A Danna-Marullo • 504-901-0463
$2,520,000
Est. payment /mo
16 Beds
16 Baths
9,875 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Multifamily 5+
Listing Status Active
Purchase Type For Sale
Square Footage 9,875 sqft
Price per Sqft $255
MLS Listing ID 2575779
Style Other
Bedrooms 16
Full Baths 16
HOA Y/N No
Year Built 1860
Acres 0.23
Lot Dimensions 30x150x30x150
Property Sub-Type Multifamily 5+
Source ROAM MLS
Land Area 9875
Property Description
100% occupied, producing $17825/month gross rental income. Value add opportunity in A+ location on Magazine Street with ability to increase rents 30-40% (increase to $21,795/month) with minor cosmetic renovations. 2331-33 Magazine St, New Orleans, LA 70130. Historic multifamily in the Garden District on Magazine Street. Two connected three-story wood-frame buildings with 16 one-bedroom units totaling approximately +/-9,875 Gross SF on an approximately +/-9,148 SF lot. Frontage on the Magazine Street corridor. Close proximity to restaurants, retail, entertainment, and cultural amenities. St. Charles Avenue streetcar line within walking distance. Rear parking. Tenant-paid utilities. All information is deemed reliable but not guaranteed; buyer and buyer's agent to verify.
Location
State LA
County Orleans
Area 0.23
Interior
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features Assigned, Off Street
Utilities Available Natural Gas Available
Garage No
Building
Lot Description Other
Foundation Raised
Water Public
Architectural Style Other
New Construction No
Others
Tax ID 411203905
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