Overview

Description

The portfolio comprises 12 duplex properties.

Great redevelopment opportunity.

The properties are located just south of the Louis Armstrong New Orleans International Airport (MSY).

All properties are located off of Hwy 48 (3rd St) (±10,491 daily traffic) and just ±3 minutes from Hwy 61 (Airline Dr) access.

This portfolio presents an opportunity to own the majority of the street.

All buildings are on separate parcels, leaving an investor opportunity to sell each building individually.

21 of the 24 units are occupied (88%).

Rents are scheduled to increase effective June 1.

***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Offering Memorandum” above. From there, you’ll be able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***

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Highlights

• 88% Occupied
• 150% Rent increase effective June 1
• Value-Add / redevelopment opportunity
• Opportunity to own majority of the street

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