Address: 1517-1519 Audubon Street, New Orleans, LA 70118
One of a kind university area investment opportunity located one block from campus. 1517-1519 Audubon is a two story double measuring 5,500 sq/ft. Each unit contains a total of 4 individual bedrooms all located off of a common hallway on the second floor. Large living , dining and kitchen areas provide plenty of space for student residents. The raised basement in each unit also provides ample storage. Off-street parking is also available for each unit. Each building is on a master lease providing for ease of monthly rent collections and tenant retention. Stabile and secure income with existing barriers to entry for competing assets. This location provides for constant occupancy with many tenants often passing their lease on to friends/family upon graduation.
List Price: $1,600,000
GBA: +/- 5,500
Total Bedrooms: 8
Site Size: +/- 6,120square feet 51′ x 120′
Zoning: HU-RD2 – Historic Urban Two-Family Residential District
For further property information contact Troy Hagstette 504-251-5719
