For Sale
$1,500,000

2108 Broadway StNew Orleans, LA 70118

9-Unit Value-Add Apartment Building

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A, 9-unit apartment building presents a compelling value-add investment opportunity in New Orleans' desirable University neighborhood. Located at 2108 Broadway Street, this three-story building boasts 6,659 square feet of net rentable space on a 6,840 square foot lot, zoned HU-RD1. The property's prime location offers convenient proximity to Tulane and Loyola Universities, St. Charles Avenue, and a vibrant array of retail and dining establishments. Currently generating a robust income stream, the building features updated kitchens and bathrooms, modern HVAC systems, and select units with hardwood floors, high ceilings, and private balconies, catering to a diverse tenant base of students and young professionals. Off-street parking is available. The building's classic architectural style is meticulously maintained, blending historic charm with contemporary upgrades. This property's strong tenant demand and potential for rent growth make it an ideal investment for those seeking steady returns in a high-demand market. The asking price is $1,500,000. This is a rare opportunity to acquire a well-positioned multifamily asset with significant upside potential.

Highlights

  • $1,500,000 asking price for a value-add opportunity.
  • Nine-unit, Class A apartment building in New Orleans, LA.
  • 6,659 square feet on a 6,840 square foot lot.
  • Three-story building with off-street parking.
  • Located in the University neighborhood, near Tulane and Loyola Universities.

Property Details for 2108 Broadway St

Property type
Apartment buildings
Square Feet
6,659 SF
Class
A
Buildings
1
Stories
3
Units
9

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.9497936
Longitude
-90.1173399
2108 Broadway St, New Orleans, Louisiana

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2108 Broadway St
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