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Listing Courtesy of: Mason McCullough - Bridgewater Realty Advisors, LLC 504-901-0463

$1,200,000

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1835 BURGUNDY Street New Orleans, LA 70116

General Commercial Residence

Beds

Baths

2,680 Sq. Ft.

Property Activity

Time on Site

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Days on Market

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Last updated on 9/25/2024 6:23 AM

Listing Details

1835 Burgundy Street is a one of a kind 8-unit apartment building in the highly sought-after Marigny Triangle market, just blocks from the French Quarter. Each unit is legally described as a separate condominium which provides for an excellent exit strategy for potential buyer. This is an great op...portunity for a buyer to purchase 8-unit package, sell (6) of the condos at market value ($200k) to recoup total investment, and then keep (2) of the condos as an owner's unit or as rental units. Property is offered in its entirety units 1-8. Each studio unit offers a perfect blend of modern convenience and ample living space. The property includes garage parking and gated security for tenants. Building also includes a large deck on the second floor with view of the French Quarter. Investors will have the opportunity to increase monthly gross income by $2,800 which includes raising the current rental rates to market as well as renting out the garage space for $200 per month. This is a chance to own an extraordinary asset in one of the best locations in the New Orleans area. Do NOT disturb tenants Continue reading

MLS#

2463980

Property Type

General Commercial

Year Built

1982

Square Feet

2,680 sq. ft