34-Unit Multifamily | ±18,944 SF | 0.56 Acres | HU-MU Zoning
Well-positioned 34-unit, two-story multifamily apartment complex along the Broad Street corridor in New Orleans, easy access to Gentilly, Mid-City, Seventh Ward, Fair Grounds Race Course, I-610, and I-10. The property contains 34 one-bedroom / one-bath units (approximately 500 SF each). Tenant base includes HANO, LHA, Unity, VOA, providing stable and diversified income.
***Owner Financing Available:
Bond for Deed Terms
15% Down at Closing | 5% Interest Years 1–2 | 30-Year Amortization
Additional 5% Principal at Year 2
7% Interest Years 3–5 | Balloon Due Year 5
Seller Second Terms
75% Down at Closing | Seller Finances 25% Balance
5% Interest | 30-Year Amortization
Balloon Due Year 5***
Part of a larger New Orleans multifamily and commercial portfolio. Contact agent for rent roll, financials, and additional portfolio opportunities.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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