Medical District Investment 5-Plex

Multi-Family for Sale
Catylist Listing ID: 30215185
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 5 Units
Building Size (RSF): 2,600 SF
Gross Land Area: 3,875 SF
Sale Price: $412,500
Unit Price: $82,500 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,600 SF
Sale Terms: Cash to Seller
Cap Rate: 7.27%
Gross Rent Multiplier: 8.49
Last Updated: 6/11/2018

Overview / Comments

At the edge of the new medical corridor, this 5-plex always stays rented. Units are spacious, clean and simple. Lower units have had some recent upgrades. Freestanding 1 bedroom cottage in rear of property.

MS zoning with HU-B1A overlay.


Finance Data Year 2018
Real Estate Taxes - Annual($) $1,987 (Annual)
Potential Rental Income $48,600 (Annual)
Gross Operating Income $46,170 (Annual)
Net Operating Income $30,005 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41031946
Percent Occupied: 100%
Property Located Between: Gravier & Tulane
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Roof Type: Gable
Sprinklers: None
Heat Type: Space Heaters
Heat Source: Radiant
Fuel: Electric
Air Conditioning: Window Unit
Lot Frontage: 30'11
Lot Depth: 132'3
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,004 205,850 409,201
Median Age: 33.05 36.22 37.17
Households: 8,515 90,738 174,349


Photograph of Listing Agent

Jonathan D Shaver

RE/MAX Commercial Brokers Inc Metairie, LA 70002
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.