2853 Dryades StNew Orleans, LA 70115

Property Details for 2853 Dryades St

Property size (Sq ft)

4,080 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This 8-unit apartment building at 2853 Dryades St, New Orleans, LA 70115, presents a compelling value-add investment opportunity. The property, a two-story building totaling 4,080 square feet, is currently stabilized and generating cash flow. Priced at $850,000 ($106,250 per unit and $208.33 per square foot), it offers significant potential for increased equity through renovations and attracting new tenants. Located in the desirable Faubourg Delassize neighborhood, this property benefits from its proximity to popular Mardi Gras parade routes. This offering is part of a larger portfolio of three, two-story buildings within a 15-minute radius of each other, providing potential for economies of scale and portfolio diversification. Detailed financial information, including rent rolls, income statements, and expense reports, is available upon request. The property's APN is 412202620. This is a rare chance to acquire a stabilized, cash-flowing multifamily property with clear value-add potential in a vibrant New Orleans neighborhood. Serious inquiries only.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Latitude

29.9329

Longitude

-90.0889

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