5402 St Charles Avenue
New Orleans, LA 70115

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Description

Prime Uptown Location – Long-Term Investment Opportunity!Rare offering in one of New Orleans' most sought-after corridors. This 28-unit apartment building with 28 parking spaces, is just blocks from Tulane and Loyola Universities, the Freret Street corridor, and the new Trader Joe's.A unique opportunity for an investor or developer seeking to acquire a premier location with strong rental demand and/or future redevelopment potential. The property currently produces steady income and is ideally suited for long-term hold while planning for repositioning or conversion down the road. Properties of this scale and location rarely become available. A legacy investment with exceptional upside for the future!

Features

• Property Type: Multi Family Home
• Sub Type: Apartment
• Listing Status: Active
• County/Area: Orleans Parish
• Zip Code: 70115
• Year Built: 1943
• Sq.Ft.: 27,000 sq ft
• Style: Traditional
• Stories: 3+ Story
• Bedrooms: 36
• Full Baths: 28
• Lot Size: 0.7342 acres
• Baths: 28
• Additional Sub Type: Apartment
• Building Area Source: Measured
• Construction Materials: Block, Concrete
• Cooling: Central Air, Ductless, Window Unit(S), Wall Unit(S)
• Cooling YN: Yes
• Foundation Details: Slab
• Heating: Heat Pump
• Heating YN: Yes
• Living Area Source: Measured
• Lot Dimensions: 80X135/287X308
• Lot Features: City Lot, Oversized Lot
• Lot Size Area: 0.7342
• Main Type: Residential Income
• Owner Pays: Gas, Water
• Parking Features: Assigned
• Postal City: New Orleans
• Property Condition: Very Good Condition
• Roof: Slate
• Sewer: Public Sewer
• Tenant Pays: Electricity
• Total Stories: 3
• Water Source: Public