For Sale
$799,000
1714 Marais St New Orleans, LA 70116
Luxury 5-unit complex, high ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 127
Highlights
- Exceptional 5-unit apartment building, built in 2020, in New Orleans' desirable 70116 zip code.
- 4,500 sq ft building on a 3,200 sq ft lot, featuring five 900 sq ft, 2 bed/1 bath units.
- 100% occupancy, $58,961 current NOI, $62,576 pro-forma NOI.
- 7.38% current cap rate, 7.83% pro-forma cap rate; $799,000 asking price ($159,800/unit, $177.56/sq ft).
- Seller financing available with 10% down payment.
Property Details for 1714 Marais St
- Property type
- Apartment buildings
- Square Feet
- 4,500 SF
- Class
- A
- Year Built
- 2020
- Buildings
- 1
- Stories
- 3
- Units
- 5
Location Insight
- City
- New Orleans
- County
- Orleans Parish
- State
- Louisiana
- Latitude
- 29.969216706913
- Longitude
- -90.062513090188
1714 Marais St, New Orleans, Louisiana
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - Luxury 5-unit complex, high ROI
- Where is the apartment building located?
- The property is located at 1714 Marais St New Orleans, LA.
- What is the asking price?
- The asking price for this property is $799,000.
- What are key features of this property?
- This property features: Exceptional 5-unit apartment building, built in 2020, in New Orleans' desirable 70116 zip code.; 4,500 sq ft building on a 3,200 sq ft lot, featuring five 900 sq ft, 2 bed/1 bath units.; 100% occupancy, $58,961 current NOI, $62,576 pro-forma NOI.
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