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2200 Ursulines Ave
New Orleans, LA 70119
2200 Ursuline Treme Lafitte Multifamily Prop · Multifamily Property For Sale
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4 Units
Executive Summary
The Ursulines Ave corridor is under rapid development. This section is filled with historic properties and local treasures. One by one, each of the older homes is being purchased and updated. You would be joining
*I recommend adjusting the "Cap Rate." The buyer will need to complete the renovation. When I adjusted by adding $100K to $120K for renovations, it brings the Cap Rate to 10%. All of the numbers used above are estimates only. Your goals for the renovation could increase or decrease the costs. Your plans for rental rates could differ. I used $1500 x 3 residential units and $2000 for the front corner facing commercial unit. These are based on the lower end of local market rate rents.
*I recommend adjusting the "Cap Rate." The buyer will need to complete the renovation. When I adjusted by adding $100K to $120K for renovations, it brings the Cap Rate to 10%. All of the numbers used above are estimates only. Your goals for the renovation could increase or decrease the costs. Your plans for rental rates could differ. I used $1500 x 3 residential units and $2000 for the front corner facing commercial unit. These are based on the lower end of local market rate rents.
Property Facts
Property Taxes
| Parcel Number | 2-08-1-069-21 | Improvements Assessment | $40,826 CAD |
| Land Assessment | $10,175 CAD | Total Assessment | $51,000 CAD |
Property Taxes
Parcel Number
2-08-1-069-21
Land Assessment
$10,175 CAD
Improvements Assessment
$40,826 CAD
Total Assessment
$51,000 CAD
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