Address: 2825 Amelia Street, New Orleans, LA 70115
We’re excited to share the successful sale of a fully occupied ten-unit multi-family property in the lively New Orleans area. This charming building, with ten cozy apartments and convenient off-street parking, has been lovingly maintained and provides steady cash flow. Nestled in a great neighborhood with easy access to shops, schools, and workplaces, it’s a gem for anyone looking for a stable investment with growth potential. The transaction went smoothly, and both the buyer and seller are thrilled with the outcome. It’s a win-win for everyone involved! Cameron Griffin represented by the buyer and the seller in this transaction.
Sale Price: $833,000
Capitalization Rate: +/- 9.75%
NOI: +/- $87,743 Per Annum
GBA: +/- 8,000 SF – 100%Occupancy
Site Size: +/- 11,616 Square Feet
Zoning: HU-RM1- Historic Urban Multi-Family Residential District
Property Mix: One Building with a total of 10 units
Unit Makeup: (4) 3 bed/1 bath + (4) 2 bed/ 1 bath + (2) 1 bed/ 1 bath
For further information please contact Cameron Griffin 504-535-5680
