Property Description

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: Bond for Deed Terms 15% Down at Closing | 5% Interest Years 1?2 | 30-Year Amortization Additional 5% Principal at Year 2 7% Interest Years 3?5 | Balloon Due Year 5 Seller Second Terms 75% Down at Closing | Seller Finances 25% Balance 5% Interest | 30-Year Amortization Balloon Due Year 5*** Part of a larger New Orleans multifamily and commercial portfolio. Contact agent for rent roll, financials, and additional portfolio opportunities.

Property Features