1932 A P Tureaud Av, New Orleans
12 Beds, 6 Baths, 5,700 Sf
$725,000
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1714-16 Marais St, New Orleans
$799,000
10 Beds
5 Baths
4,500 Sqft
0 Acres
No Garage
SELLER FINANCE OFFERED. 10.6% downpayment. Reach out for additional terms. 1714-16 Marais Street is a 5-unit apartment complex that was recently constructed in 2022 and currently fully occupied. Nestled in a highly sought-after location that is minutes from the French Quarter, Treme, and Bywater, this property seamlessly combines luxury, convenience, and smart investment potential.
The 3-story building consists of five (5) 2 bedroom1 bathroom units that are each approx. 900 square feet each. The immediate return on investment isevident as all five units are currently leased,offering a stable and predictable income stream.
The building's construction prioritizes low maintenance, utilizing high-quality materials and energy-efficient features, ensuring minimal upkeep and reduced utility costs. Additionally, the property boasts low insurance costs due to its adherence to the latest safety standards and age of new roof.
This investment promises long-term success, withthe property poised for significant appreciation over time. Schedule your viewing today andsecure your stake in this exceptional investment opportunity.
Essential Information
MLS® #2428209
Price$799,000
Bedrooms10
Bathrooms5.00
Full Baths5
Square Footage4,500
Acres0.00
Year Built2022
TypeResidential Income
Sub-TypeApartment, Other
StatusActive
Community Information
Address1714-16 Marais St
CityNew Orleans
CountyOrleans
StateLouisiana
Zip Code70116
Amenities
ParkingNone
PoolNone
Interior
HeatingCentral
CoolingCentralAir
Exterior
Lot DescriptionCity Lot, Rectangular Lot
RoofShingle
FoundationSlab
Additional Information
Days on Market119
HOA Fees0.00
Property History
Price Reduced from $849,000 to $799,000
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