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Listed byBerkshire Hathaway HS - Lakeview • Blake A Rose • 504-766-6705
$ 1,800,000
Est. payment /mo
Active
7101-7105 MAPLE ST New Orleans, LA 70118
4,110 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,110 sqft
Price per Sqft $437
MLS Listing ID 2552021
HOA Y/N No
Year Built 1979
Acres 0.13
Lot Dimensions 65 x 90
Property Sub-Type Commercial
Source ROAM MLS
Land Area 4110
Property Description
Initial offering of a newly-renovated, fully-furnished, 100% leased, attractive and extremely well-positioned, turn key investment property in immediate proximity to both the Freret Street corridor and the core of Tulane University's campus. This 3plex has been meticulously renovated, with work being completed just last year. Each unit has tenants vetted to meticulous standards that pay on time and in full. Lease lengths are all 12 months (as opposed to the 9 month lease length you'll frequently find with student housing). All 3 units have significant outdoor space, especially the endcap units, for grilling and spending time in the sunshine, along with assigned parking and mature landscaping.Property is located in flood zone x, with an assumable flood policy (and a modest premium). Zero deferred maintenance. A line of the future masters of the universe around the block looking for a luxury, low-touch lease arrangement. Asking 5% cap rate for such an appealing and stable long term investment. First showings will be conducted on May 15th (following the spring exam period).
Location
State LA
County Orleans
Area 0.13
Zoning HU-RD2
Interior
Fireplace No
Exterior
Garage Spaces 3.0
Utilities Available Natural Gas Available
Total Parking Spaces 3
Garage No
Building
Lot Description Corner Lot
Water Public
New Construction No
Others
Tax ID 615307313
