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$ 1,200,000
1835 BURGUNDY ST New Orleans, LA 70116
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$ 1,200,000
Est. payment /mo
Active
1835 BURGUNDY ST New Orleans, LA 70116
2,680 SqFt
UPDATED:
09/30/2024 05:36 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,680 sqft
Price per Sqft $447
MLS Listing ID 2463980
HOA Y/N No
Year Built 1982
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
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
Location
State LA
County Orleans
Zoning HMR-1
Interior
Fireplace No
Exterior
Garage Garage
Water Access Desc Public
Parking Type Garage
Building
Lot Description Corner Lot, City Lot
Dwelling Type Mixed Use
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 37W101828
Special Listing Condition None
Listed by Bridgewater Realty Advisors, LLC
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