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.
Listed By
Agency Name: Bridgewater Realty Advisors, LLC
Agency Phone: (504) 901-0463
Shown By
Agency Title: Suzette Hubbell
Agency Phone: (985)249-1151
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2331 Magazine Street | MLS# 2575779
This multi-family property located at 2331 Magazine Street, New Orleans, LA 70130 is currently listed for sale with an asking price of $2,520,000. Search New Orleans real estate on www.suzettehubbell.com today.