1711 Second Street, New Orleans, LA 70113
Commercial property for sale
1711 Second Street, New Orleans, LA 70113
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- Description
- Renovated after Katrina with new roof, electric, plumbing, shoring, etc. 7-plex in great block w/5 sister Italianate galleried buildings referred to as Ferret' Row. 1 block from St Charles. All 1 bdrms have central HVAC. The studios have "through wall commercial" HVAC. 9.1% cap rate based on list price. Two common laundry facilities could increase income by $200/mo if converted to coin units, which would increase the cap rate to 9.6%. Building price details: $525,000.
- Property Details
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Property Type: Multifamily Use Types: Low-Rise/Garden Status: Available Price: $ 75,000 +/Unit MSA: New Orleans-Metairie-Kenner Buildings: 1 Terms: Cash to Seller Added: 01/16/2012 Last Update: 12/23/2012 - Contact info
- 504-944-3605 [Office]
- Note
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