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22-Unit Value Add Multifamily Portfolio

$2,100,000

2210 Bienville St, 2853 Dryades St, 1917 Leonidas St, New Orleans, LA 70119

Active
Last Updated: 06/17/2024

10,840 sqft

Building Size

6,355 acres

Lot Area

Details:
Building Size:    10,840 sqft
Lot Area:    6,355 acres
Units:    22
Year Built:    1960
Highlights:
  • Mix of value add and stabilized properties
  • Off-street parking at 2 properties
  • All properties within 15 minutes of each other
Description:

This 22-unit multifamily portfolio is comprised of three, two-story buildings all within 15 minutes of one another. With a mix of value-add and stabilized properties, there is opportunity for the new owner to increase equity through renovations and new tenants.

2210 Bienville St is an 8-unit apartment building with an off-street parking lot.
2853 Dryades St is an 8-unit property in the Faubourg Delassize neighborhood in close proximity to Mardi Gras parade routes.
1917 Leonidas St is a 6-unit property with off-street parking and gated and fenced unit entry.

Dryades St and Leonidas Street are stabilized and cash flowing, while the property on Bienville Street is in need of repairs and is currently under-occupied.

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