$880,000

8 Beds
4 Baths
6,048 Sqft
0 Acres
No Garage

Bridgewater Realty Advisors presents a 8-unit portfolio located near S. Carrollton Avenue and Earhart Blvd intersection in New Orleans, LA. The 100% occupied community offers Eight (8) well maintained & renovated units amongst 4 buildings on the same block. This is also party of a larger portfolio on same block with 18 units total remaining. Reach out for list of remaining buildings.
The property is in an X flood zone, new central HVAC units added in 2018-2019 to all units, and several updates have been made to the property. The property boast a high occupancy rate and many tenants have been there for several years, decreasing turnover costs.
This presents an excellent investment opportunity for local, regional and national investors alike who are looking to expand their New Orleans footprint. Properties can be purchased as a portfolio or can be purchased individually as well. The pictures included are indicative of the condition of the interior for the entire portfolio and may not be the interior of the properties in this listing, however, all properties were renovated in 2018-2019.

Essential Information
MLS® #2499497
Price$880,000
Bedrooms8
Bathrooms4.00
Full Baths4
Square Footage6,048
Year Built1920
TypeResidential Income
Sub-TypeApartment, Other
StatusActive
Community Information
Address8517-35 Forshey Street
CityNew Orleans
CountyOrleans
StateLouisiana
Zip Code70118
Amenities
ParkingThree or more Spaces
Interior
HeatingCentral
CoolingCentral Air
Exterior
ExteriorFrame, Wood Siding
RoofShingle
ConstructionFrame, Wood Siding
FoundationRaised
Lot Description

1 to 5 Acres, City Lot, Rectangular Lot

Additional Information
Days on Market19
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