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Realty Resources, Inc.
2331 Magazine St, New Orleans, LA 70130
- $2,520,000
- 16
- BD
- 16
- BA
- 9,875
- SqFt
- List Price
- $2,520,000
- MLS#
- 2575779
- Status
- ACTIVE
- Type
- Multifamily
- Style
- Other
- Bedrooms
- 16
- Bathrooms
- 16
- Acres
- 0.23
- Living Area
- 9,875
- Parish
- Orleans
Property Description
100% occupied, producing $17825/month gross rental income. Value add opportunity in A+ location on Magazine Street with ability to increase rents 30-40% (increase to $21,795/month) with minor cosmetic renovations. 2331-33 Magazine St, New Orleans, LA 70130. Historic multifamily in the Garden District on Magazine Street. Two connected three-story wood-frame buildings with 16 one-bedroom units totaling approximately +/-9,875 Gross SF on an approximately +/-9,148 SF lot. Frontage on the Magazine Street corridor. Close proximity to restaurants, retail, entertainment, and cultural amenities. St. Charles Avenue streetcar line within walking distance. Rear parking. Tenant-paid utilities. All information is deemed reliable but not guaranteed; buyer and buyer’s agent to verify.
Additional Information
- Sewer
- Public Sewer
- Water
- Public
- Heating
- Other
- Cooling
- Window/Wall
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Listing courtesy of Bridgewater Realty Advisors.
IDX information is provided exclusively for consumers’ personal and non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.