For Sale
$8,372,000

2224 St Anthony StNew Orleans, LA 70119

56 Units, High Performing, $8.3M

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fully occupied portfolio of 28 duplexes, comprising 56 units, strategically located across desirable New Orleans neighborhoods. The portfolio spans 75,840 square feet and is priced at $8,372,000, representing a price per unit of $149,500 and $110.39 per square foot. The properties are situated in prime areas including Gentilly, the Seventh Ward, and St. Roch, encompassing zip codes 70117, 70119, and 70122. Each duplex has been carefully selected for its proven track record of stable rental income and significant growth potential. This presents a substantial investment opportunity for those seeking a strong foothold in the thriving New Orleans rental market. The portfolio's 100% occupancy rate underscores its consistent performance and inherent value. This diverse collection of properties offers a compelling combination of established income and future appreciation potential, making it an attractive proposition for discerning investors. The portfolio's distribution across multiple locations minimizes risk and maximizes diversification within the New Orleans market. This is a rare chance to acquire a high-performing, fully occupied multifamily asset in a dynamic and growing city.

Highlights

  • 100% occupied, 56-unit multifamily portfolio.
  • 56 units across three desirable New Orleans neighborhoods (zip codes 70117, 70119, and 70122).
  • 28 duplexes located in Gentilly, Seventh Ward, and St. Roch.
  • High-performing portfolio presents a strong investment opportunity.

Property Details for 2224 St Anthony St

Property type
Square Feet
75,840 SF
Buildings
28
Units
56

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.980008028069
Longitude
-90.062483444348
2224 St Anthony St, New Orleans, Louisiana

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2224 St Anthony St
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