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Celeste Marshall

celeste@reverealtors.com +1(504) 220-8558

Listed byBridgewater Realty Advisors • Bryce A Danna-Marullo • 504-901-0463

$1,250,000

Est. payment - /mo

9 Beds

9 Baths

7,494 SqFt

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UPDATED:

Key Details

Property Type Other Types

Sub Type Multifamily 5+

Listing Status Active

Purchase Type For Sale

Square Footage 7,494 sqft

Price per Sqft $166

MLS Listing ID 2575791

Style Other

Bedrooms 9

Full Baths 9

HOA Y/N No

Year Built 1977

Acres 0.14

Lot Dimensions 60X100

Property Sub-Type Multifamily 5+

Source ROAM MLS

Land Area 7494

Property Description

100% occupied at $10,380 per month ($124,560 gross annualized); value add opportunity with minor cosmetic renovations and ability to increase rents. 1734–1736 Second Street, New Orleans (Central City), at the corner of Second and Baronne. Nine-unit multifamily. Two adjoining addresses on a single tax parcel. Approximately +/-7,500 SF of building on an approximately +/-6,000 SF corner lot. All nine units are one bedroom, one bath, averaging approximately +/-1,000 SF. Property is 100% occupied at $10,380 per month ($124,560 gross annualized), plus coin-operated laundry income. Fenced yards, off-street parking, and conforming HU-RM1 zoning.Located about two blocks from Oretha Castle Haley Boulevard. Nearby points of interest include the Southern Food and Beverage Museum, the Ashé Cultural Arts Center, Café Reconcile, and Central City BBQ. St. Charles Avenue streetcar, Magazine Street, and the Lower Garden District are nearby. The Central Business District, the Superdome, and the downtown medical corridor are also nearby.Utility costs to ownership are limited; major operating expenses include insurance and taxes. At identical unit sizes, the five units at 1736 currently rent approximately +/-6% higher than the four units at 1734. All information is deemed reliable but not guaranteed; buyer and buyer's agent to verify.

Location

State LA

County Orleans

Area 0.14

Interior

Cooling Window Unit(s)

Fireplace No

Exterior

Garage Spaces 2.0

Utilities Available Natural Gas Available

Total Parking Spaces 2

Garage No

Building

Lot Description Other

Foundation Raised

Water Public

Architectural Style Other

New Construction No

Others

Tax ID 412107009

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Celeste Marshall

+1(504) 220-8558

Rêve | Realtor License ID: 0995686000

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1734 2ND ST New Orleans, LA 70113

Celeste Marshall

Key Details

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Exterior

Building

Others

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1734 2ND ST