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Almond Tree Apts 5855 Citrus Blvd 64 Unit Apartment Building $6,719,150 CAD ($104,987 CAD/Unit) 7.11% Cap Rate New Orleans, LA 70123



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.
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Property Facts
| Price | $6,719,150 CAD | Building Class | C |
| Price Per Unit | $104,987 CAD | Lot Size | 1.09 AC |
| Sale Type | Investment | Building Size | 37,650 SF |
| Cap Rate | 7.11% | Average Occupancy | 82% |
| No. Units | 64 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2008 |
| Property Subtype | Apartment | Parking Ratio | 1.99/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | GO-1, General Offices | ||
| 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 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0700005694 | Improvements Assessment | $288,791 CAD |
| Land Assessment | $39,730 CAD | Total Assessment | $328,521 CAD |
Property Taxes
Parcel Number
0700005694
Land Assessment
$39,730 CAD
Improvements Assessment
$288,791 CAD
Total Assessment
$328,521 CAD
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Almond Tree Apts | 5855 Citrus Blvd
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