25
See all 25 photos
$2,750,000
Est. payment /mo
52 Beds
27 Baths
20,076 SqFt
Active
3312 JOLIET ST New Orleans, LA 70118
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 20,076 sqft
Price per Sqft $136
MLS Listing ID 2491408
Style Other
Bedrooms 52
Full Baths 27
Construction Status Excellent
HOA Y/N No
Year Built 1920
Property Sub-Type Apartment
Property Description
Bridgewater Realty Advisors presents a 25-unit portfolio located close to S. Carrollton Avenue and Earhart Blvd intersection in New Orleans, LA. The 100% occupied community offers Twenty-Five (25) well maintained & renovated units amongst 12 buildings on the same block. There is also a value add opportunity to develop an additional 28,949 sf of land within the block, which includes land owned by the seller as well as a parcel of land that would have to be purchased from the city.
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 boasts a high occupancy rate and many tenants have been there for several years, decreasing turnover costs. Total site size of the entire portfolio is 65,456 square feet or 1.5 acres.
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 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 boasts a high occupancy rate and many tenants have been there for several years, decreasing turnover costs. Total site size of the entire portfolio is 65,456 square feet or 1.5 acres.
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.
Location
State LA
County Orleans
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Roof Type Shingle
Building
Lot Description 1 to 5 Acres, City Lot
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories Two
Construction Status Excellent
Others
Tax ID per assessor
Special Listing Condition None
Listed by Bridgewater Realty Advisors, LLC