2331 MAGAZINE Street, New Orleans, Louisiana, 70130
$2,520,000
9,875 Sqft
0.23 Acres
16 bd
16 ba
#2575779
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.
PROPERTY FEATURES
- Utilities : Natural Gas Available
- Water Source : Public
- Sewer : Public Sewer
- Parking Features: Assigned, Off Street
- Cooling on Property:
- Cooling: Window Unit(s)
- Heating on Property:
- Construction Materials: Wood Siding
- Laundry Features : Common Area
- Green Energy Efficient : Water Heater
PROPERTY DETAILS
ID: 2575779
Status: Active
Price: $2,520,000
Acres: 0.23 Acres
Price Per Acre: $11,200,000
Type: Multi-family
Address: 2331 MAGAZINE Street
City, State: New Orleans, Louisiana
County: Orleans
Zip Code: 70130
Lat/Long: 29.928752, -90.078633
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