For Sale

$849,000

HIGHLIGHTS:
  • Active
  • $8,995/month
  • 80 DOM
  • 2 Stories
  • 0 Beds
  • 6,652 SqFT
Description

Prime 10-Unit Complex in revitalizing Greater 5th Ward area. Located just east of downtown and in the path of revitalization, this 10-unit complex offers a fantastic investment opportunity. With easy access to the I-10 East frwy, tenants enjoy convenient commutes to downtown and beyond. The property consists of eight 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, 8 of which have been renovated over the years. Upgrades include countertops, updated tile, new toilets, appliances, and paint throughout. Major updates include replaced water supply lines, exterior siding, and roof completed in 2017. French drains installed in 2022, 8 electrical panels replaced in 2023, and water heater replaced in 2024. The exterior has been freshly painted, giving the building a clean, attractive look. With its prime location not in a flood zone and ongoing area improvements, this turn-key property is ready to deliver value and growth potential.

Overview
  • MLS Number: 10572738
  • Type: Multi-Family - 5 Plus
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 6,652 SqF
  • Land Size: 5,035 sqft
  • Year Built: 1960
Financial
Price:
$849,000
Price/SqFT:
$127.63
HOA Fee:
Tax Rate:
0 %
Est. Monthly:
$8,995 *
Tax Amount:
$0
Amenities and features
  • Energy Efficient
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Floors:
    Tile,Vinyl Plank
    Heating:
    No Heating
    Cooling:
    Window Units
    Energy Feature:
    Ceiling Fans
  • Roof:
    Composition

Listed By:
Michael Dang

Loft Realty

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