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2300 N Broad St
New Orleans, LA 70122
Multifamily Property For Sale
·
34 Units
Investment Highlights
- Located along the North Broad corridor with convenient access to I-10 and I-610.
- Seller financing available to facilitate acquisition.
- Opportunity for value-add improvements to enhance income and property performance.
- Close to Gentilly, Mid-City, the Fairgrounds, and major employment centers in New Orleans.
Executive Summary
This 34-unit multifamily property is positioned along the active North Broad corridor in New Orleans, offering proximity to Gentilly, Mid-City, the Fairgrounds, and major interstates I-10 and I-610. The asset consists of three two-story buildings totaling approximately 18,944 square feet, with a unit mix of 34 one-bedroom, one-bathroom apartments. Built in 1970, the property is currently about 88% occupied, primarily by reliable voucher-supported tenants, providing consistent in-place cash flow.
Property Facts
| Price Per Unit | $140,035 CAD | Lot Size | 0.53 AC |
| Sale Type | Investment | Building Size | 18,944 SF |
| No. Units | 34 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Low-Rise | Parking Ratio | 1.85/1,000 SF |
| Building Class | C | ||
| Zoning | HU-MU | ||
| Price Per Unit | $140,035 CAD |
| Sale Type | Investment |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 18,944 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | HU-MU |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 34 | - | 412 |
Property Taxes
| Parcel Number | 3-7W-3-162-13 | Improvements Assessment | $152,779 CAD |
| Land Assessment | $10,056 CAD | Total Assessment | $162,834 CAD |
Property Taxes
Parcel Number
3-7W-3-162-13
Land Assessment
$10,056 CAD
Improvements Assessment
$152,779 CAD
Total Assessment
$162,834 CAD
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