Available For Sale - Multifamily

78,000 SF

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AVAILABILITY DETAILS

Size
78,000 SF
Price/SF
N/A - Contact for Info
Listing ID
SA435446
Notes
• Brand new construction: construction was completed in mid-2019

• Short Term Rental Contract (STR): the property has an individual STR contract for every unit at

the property (74-unit property with 58 units remaining).

• Parking garage with 93 parking spaces; this is a significant amenity in New Orleans that

provides the opportunity for significant additional income (parking comps in New Orleans

(~$300/month/space; $50/day)

• Also available is a +/-14,000 SF commercial building with a 25-space off-street parking lot that is

directly adjacent to the property. It is the former home of a New Orleans Police station.

• Hotel conversion opportunity in one of the highest rated hospitality markets in the nation.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Elizabeth Wilke, NAI Latter and Blum| Gulf Partners
BRE# LA0995697565