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2853 Dryades St 8 Unit Apartment Building $1,144,943 CAD ($143,118 CAD/Unit) 10% Cap Rate New Orleans, LA 70115
Investment Highlights
- Investment Opportunity!
Executive Summary
2853 Dryades Street is an investment opportunity that is zeroed in on the New Orleans metro areas most critical need, and what is in the most demand in the multi-Family space – Workforce Housing. Its 100% occupancy speaks to this constant demand. Located in Central City, its has close proximity to major North/South and East West thoroughfares and is conveniently located near multiple streams of public transit, as well as Uptown New Orleans and the CBD. There is a significant amount of new single family housing being constructed in the immediate area, as well as commercial activity.
The improvements consist of 8, 1 Bedroom/1Bath units. The units are separately metered for electrical and are well maintained. Significant barriers to entry in the immediate neighborhood provide for strong future demand and stable occupancy.
The improvements consist of 8, 1 Bedroom/1Bath units. The units are separately metered for electrical and are well maintained. Significant barriers to entry in the immediate neighborhood provide for strong future demand and stable occupancy.
Property Facts
| Price | $1,144,943 CAD | Property Subtype | Apartment |
| Price Per Unit | $143,118 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 3,500 SF |
| Cap Rate | 10% | No. Stories | 2 |
| No. Units | 8 | Year Built | 1990 |
| Property Type | Multifamily | ||
| Zoning | HU-RD2 | ||
| Price | $1,144,943 CAD |
| Price Per Unit | $143,118 CAD |
| Sale Type | Investment |
| Cap Rate | 10% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 3,500 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Zoning | HU-RD2 |
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Exceptionally walkable
90/100
Fairly drivable
40/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 4-12-2-026-20 | Improvements Assessment | $53,375 CAD |
| Land Assessment | $11,407 CAD | Total Assessment | $64,782 CAD |
Property Taxes
Parcel Number
4-12-2-026-20
Land Assessment
$11,407 CAD
Improvements Assessment
$53,375 CAD
Total Assessment
$64,782 CAD
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2853 Dryades St
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