$4,450,000
$4,998,000
11.0%For more information regarding the value of a property, please contact us for a free consultation.
5402-04 ST CHARLES AVE New Orleans, LA 70115
0.73 Acres Lot
Key Details
Sold Price $4,450,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2496673
Year Built 1943
Lot Size 0.734 Acres
Property Description
Prime Uptown Location – Long-Term Investment Opportunity!
Rare offering in one of New Orleans' most sought-after corridors. This 28-unit apartment building with 28 parking spaces, is just blocks from Tulane and Loyola Universities, the Freret Street corridor, and the new Trader Joe's.
A unique opportunity for an investor or developer seeking to acquire a premier location with strong rental demand and/or future redevelopment potential. The property currently produces steady income and is ideally suited for long-term hold while planning for repositioning or conversion down the road. Properties of this scale and location rarely become available. A legacy investment with exceptional upside for the future!
Location
State LA
County Orleans
Zoning HU-RS
Exterior
Parking Features Assigned
Building
Lot Description City Lot, Oversized Lot
Sewer Public Sewer
Water Public
Others
Special Listing Condition None
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Bought with Compass Uptown
NEARBY SCHOOLS & BUSINESSES