16
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$3,900,000
Est. payment /mo
20,488 SqFt
Active
1431 BARONNE ST New Orleans, LA 70113
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 20,488 sqft
Price per Sqft $190
MLS Listing ID 2411219
Style Historic/Antique
Construction Status Resale
HOA Y/N No
Year Built 1923
Property Description
Available as a portfolio sale, 1431 Baronne Street, et al, offers a total of fifteen fully leased residential units, two leased commercial units, and one currently vacant (shell condition) unit, all along the rapidly improving Baronne Street corridor. The site includes two of the corners at the signalized intersection of Baronne Street and MLK Blvd. Most tenants are on month-to-month leases, allowing for easy renovation and re-leasing.
1432 Baronne Street includes 10 residential units and a commercial unit leased to a dog groomer. 1431 Baronne Street includes 4 residential units, a large commercial space on the ground floor leased to a corner store, and a currently vacant former commercial unit on the ground floor that is currently being used as storage. 1429 Baronne Street is a 3-bedroom single-family house that is leased to a short-term rental operator with a commercial license in place.
The offering provides strong day-one returns along with a value-added opportunity to increase rents by performing basic renovations and improvements. Full rent roll and additional photos/information are available upon request.
1432 Baronne Street includes 10 residential units and a commercial unit leased to a dog groomer. 1431 Baronne Street includes 4 residential units, a large commercial space on the ground floor leased to a corner store, and a currently vacant former commercial unit on the ground floor that is currently being used as storage. 1429 Baronne Street is a 3-bedroom single-family house that is leased to a short-term rental operator with a commercial license in place.
The offering provides strong day-one returns along with a value-added opportunity to increase rents by performing basic renovations and improvements. Full rent roll and additional photos/information are available upon request.
Location
State LA
County Orleans
Zoning MU-2
Interior
Fireplace No
Exterior
Parking Features None
Water Access Desc Public
Building
Lot Description Corner Lot, City Lot, Oversized Lot
Dwelling Type Mixed Use,Retail
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Historic/Antique
Level or Stories Two
New Construction No
Construction Status Resale
Others
Special Listing Condition None
Listed by Ben & Burka
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