Description
Located just one block off the iconic st. charles avenue and nestled directly behind the renowned pontchartrain hotel and avenue plaza hotel, this 14-unit apartment complex presents a rare value add opportunity in a aaa+ location in the heart of new orleans.
consisting of two separate buildings—one with 12 units and the other with 2 units—the property offers a mix of studios, one-bedroom, and two-bedroom apartments, giving potential tenants a variety of options. with strong area fundamentals, high demand for quality rentals, and exceptional walkability, this is a prime value-add opportunity for an investor to execute either light cosmetic updates or full-scale renovations.
once improved, the property has the potential to generate over $17,000 in monthly rental income. alternatively, the complex could be repositioned and sold off as individual condominiums, unlocking significant upside. whether you're seeking steady cash flow or a strategic redevelopment play, this asset sits in one of the most desirable and resilient rental markets in the city.
Property Type
Residential IncomeParish
OrleansStyle
Residential IncomeAD ID
49254116
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 16
Bathroom Information
- Full Baths: 14
- Half Baths: 0
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Room Information
- 7511
- Total Rooms: 16
Interior Features
- Roof : Shingle
-
Exterior Features
Building Information
- Year Built: 1920
- Roof: Shingle
-
Property / Lot Details
Lot Information
- Lot Dimensions: City Lot,Rectangular Lot
Property Information
- SQ ft: 7,511
-
Listing Information
Listing Price Information
- Original List Price: $1,400,000
-
Taxes / Assessments
Tax Information
- Parcel Number: per assessor
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BuyOwner last updated this listing 05/13/2025 @ 23:06
- MLS: 2495628
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: NOMAR
is a Home, with 16 bedrooms which is for sale, it has 7,511 sqft, 7,511 sized lot, and 0 parking. are nearby neighborhoods.