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Rare opportunity to acquire a fully occupied investment property on a highly sought after corridor in New Orleans, with upside in rental income and value.
This large 3 story, approximately 8,980 sf building on a highly visible corner lot has nine total units: two ground floor commercial units and seven upper floor residential units. It is 100% occupied and currently producing $12,065 per month ($144,780 per year) in gross rental income.
A+ location on Canal Street in the desirable Mid City neighborhood, one block from the Canal and Norman C Francis intersection, with ample parking including 12 spaces in the rear of the building and multiple spaces in front.
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.