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Actual gross rent of $44,550 per month, with 20 of 22 units leased. Reach out to the listing team for the rent roll and financials. Seller financing available: 30 yr amortization, 5 to 7 yr balloon, 20% minimum down, rate negotiable.
This six building, 22 unit portfolio offers a rare, generational opportunity to acquire a strategically located mix of commercial, multifamily and residential assets in the heart of the French Quarter, one of the most supply constrained and historically stable submarkets in the region. The portfolio includes a majority of residential apartments complemented by ground floor commercial spaces, with several properties on the National Historic Registry.
The properties showcase extensive recent capital improvements while preserving their historic charm. 525 Conti features a brand new roof, 1524 St. Mary St has new gutters, 307 Exchange has a new elevator, and 522-24 Burgundy St includes an award winning renovation. Additional highlights include new renovations for most units and the courtyard interior at 307 Exchange, where Edgar Degas painted and where a commemorative plaque remains on the exterior.
All assets occupy prime locations within historically protected districts that benefit from year round foot traffic and limited new construction. These properties have consistently attracted successful commercial tenants and long term residential tenants, ensuring stable occupancy and proven demand.
Contact the listing team for showings, rent details and financing questions.
Contact the AgentsCall BryceRents are as reported in the MLS. Where units are vacant, market rent may be carried in the figures. Buyers should verify all income and expense information.
Bridgewater Realty Advisors, LLC | 3501 Severn Ave, Suite 19, Metairie, LA 70002 | (504) 901-0463
Bridgewater Realty Advisors is a privately held firm founded on the premise of providing superior client representation in the lease and sale of commercial real estate. Licensed in LA & MS.