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Investment Highlights

  • Located in Elmwood Business Park near Elmwood Shopping Center
  • Single building easy to manage & operate
  • New Roofing and Hardie building exterior

Executive Summary

64-unit apartment investment opportunity.

Attachments

AT sale brochure

Data Room Click Here to Access

Property Facts

Price $6,719,150 CAD
Price Per Unit $104,987 CAD
Sale Type Investment
Cap Rate 7.11%
No. Units 64
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 1.09 AC
Building Size 37,650 SF
Average Occupancy 82%
No. Stories 3
Year Built/Renovated 1985/2008
Parking Ratio 1.99/1,000 SF
Zoning GO-1, General Offices

Amenities

Unit Amenities

  • Balcony
  • Cable Ready
  • Dishwasher
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Views
  • Carpet
  • Deck
  • Patio
  • Window Coverings

Site Amenities

  • 24 Hour Access
  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Pool
  • Property Manager on Site
  • Tenant Controlled HVAC
  • Corporate Suites
  • Furnished Units Available
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 64 - 490
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
0700005694
Land Assessment
$39,730 CAD
Improvements Assessment
$288,791 CAD
Total Assessment
$328,521 CAD
  • Listing ID: 41752896

  • Date on Market: 2026-08-14

  • Last Updated:

  • Address: 5855 Citrus Blvd, New Orleans, LA 70123

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