1517 AUDUBON ST Active

New Orleans,LA 70118

$ 1600000

8 Beds

4 Baths

5500 SqFt


Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,500 sqft

Price per Sqft $290

MLS Listing ID 2479946

Bedrooms 8

Full Baths 2

Half Baths 4

Year Built 1932

Property Sub-Type Duplex

Property Description

One of a kind university area investment opportunity located one block from campus. 1517-1519 Audubon is a two story double measuring 5,500 sq/ft. Each unit contains a total of 4 individual bedrooms all located off of a common hallway on the second floor. Large living , dining and kitchen areas provide plenty of space for student residents. The raised basement in each unit also provides ample storage. Off-street parking is also available for each unit. Each building is on a master lease providing for ease of monthly rent collections and tenant retention. Stabile and secure income with existing barriers to entry for competing assets. This location provides for constant occupancy with many tenants often passing their lease on to friends/family upon graduation.

Location

State LA

County Orleans

Interior

Heating Central

Cooling Central Air

Exterior

Parking Features Off Street

Roof Type Asphalt,Shingle

Building

Lot Description City Lot,Rectangular Lot

Foundation Raised

Sewer Public Sewer

Water Public

Others

Special Listing Condition None

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