$3,389,900

Apartment In New Orleans

  • 34 Beds
  • 34 Baths
  • 14,098 Sqft
  • 24,337 Sqft lot
  • Updated: September 18
  • Source:
    Gulf South Real Estate Information Network (GSREIN)  MLS#2548285

About the Property

34-Unit Multifamily | ±18,944 SF | 0.56 Acres | HU-MU Zoning
Well-positioned 34-unit, two-story multifamily apartment complex along the Broad Street corridor in New Orleans, easy access to Gentilly, Mid-City, Seventh Ward, Fair Grounds Race Course, I-610, and I-10. The property contains 34 one-bedroom / one-bath units (approximately 500 SF each). Tenant base includes HANO, LHA, Unity, VOA, pro
34-Unit Multifamily | ±18,944 SF | 0.56 Acres | HU-MU Zoning
Well-positioned 34-unit, two-story multifamily apartment complex along the Broad Street corridor in New Orleans, easy access to Gentilly, Mid-City, Seventh Ward, Fair Grounds Race Course, I-610, and I-10. The property contains 34 one-bedroom / one-bath units (approximately 500 SF each). Tenant base includes HANO, LHA, Unity, VOA, providing stable and diversified income.
***Owner Financing Available:
Down Payment: 15% due at closing, Interest Rate: 5% for years 1–2, Amortization: 30 years
Additional Principal Payment: 5% due at year 2
Interest Rate: 7% for years 3–5, Balloon Payment: due at year 5
Seller Second Terms:
Down Payment: 75% due at closing, Seller to finance remaining 25%
Interest Rate: 4%, for for year 1-2, increase 5% for years 3-5. Amortization: 30 years
Balloon Payment: Remaining balance due at year 5
Part of a larger New Orleans multifamily and commercial portfolio. Contact agent for rent roll, financials, and additional portfolio opportunities.
  • Property type

    Apartment

  • Floors

    2

  • Year built

    1970

  • Price/sqft

    $240

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2300 N BROAD Street, New Orleans, Louisiana, United States View on Google Maps
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Talbot Realty Group - New Orleans

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Talbot Realty Group - New Orleans
Louisiana, United States
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Talbot Realty Group - New Orleans
New Orleans, Louisiana, United States
View agency profile
Last updated
September 18
First listed
Mar 30
Listing reference
2548285
Listing status
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