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$ 5,400,000
Est. payment /mo
Price Dropped by $600K
5402-04 ST CHARLES AVE New Orleans, LA 70115
0.73 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2496673
HOA Y/N No
Year Built 1943
Lot Size 0.734 Acres
Acres 0.7342
Property Description
Prime Uptown Location – Long-Term Investment Opportunity!
Rare offering in one of New Orleans' most sought-after corridors. This 28-unit apartment building with 28 parking spaces, is just blocks from Tulane and Loyola Universities, the Freret Street corridor, and the new Trader Joe's.
A unique opportunity for an investor or developer seeking to acquire a premier location with strong rental demand and/or future redevelopment potential. The property currently produces steady income and is ideally suited for long-term hold while planning for repositioning or conversion down the road. Properties of this scale and location rarely become available. A legacy investment with exceptional upside for the future!
Rare offering in one of New Orleans' most sought-after corridors. This 28-unit apartment building with 28 parking spaces, is just blocks from Tulane and Loyola Universities, the Freret Street corridor, and the new Trader Joe's.
A unique opportunity for an investor or developer seeking to acquire a premier location with strong rental demand and/or future redevelopment potential. The property currently produces steady income and is ideally suited for long-term hold while planning for repositioning or conversion down the road. Properties of this scale and location rarely become available. A legacy investment with exceptional upside for the future!
Location
State LA
County Orleans
Zoning HU-RS
Interior
Fireplace No
Exterior
Parking Features Assigned
Water Access Desc Public
Building
Lot Description City Lot, Oversized Lot
Dwelling Type Mixed Use
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Additional Building Living Quarters
Others
Tax ID 614229301
Special Listing Condition None
Listed by John Weil Realty, LLC
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