$825,000
$50K PRICE DROP

Estimated payment $5,390/month

Total Views 2,410
9 Beds
6 Baths
5,952 Sq Ft
$139 Price per Sq Ft

About This Home

$7,594 per month actual gross income. PRICE REDUCTION! Bridgewater Realty Advisors presents a fully renovated, turn-key 6 unit apartment complex located near Napoleon Avenue and S. Broad Street intersection in New Orleans, LA. The 100% occupied community offers six (6) renovated units amongst 3 stories. All of the units have been renovated to some degree, allowing for a new owner to capture the maximum rents the area will allow for these unit layouts. The property boast a 100% occupancy rate and the Broadmoor area is highly sought after by prospective tenants. This presents an excellent investment opportunity for local, regional and national investors alike who are looking to expand their New Orleans footprint by purchasing a fully turn key asset in a great neighborhood of New Orleans that will see demand and appreciation for years to come.

Listing Agent

Mason McCullough

Bridgewater Realty Advisors, LLC License #NOM:995714063 Listed on: 03/28/2025

Co-Listing Agent

BRYCE DANNA-MARULLO

Bridgewater Realty Advisors, LLC License #NOM:995705186

Property Details

Home Type

  • Apartment

Year Built

  • Built in 2023

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Frame Construction
  • Stucco Exterior

Interior Spaces

  • 5,952 Sq Ft Home
  • Property has 3 Levels

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System
  • Internet Available

Additional Features

  • Property is in excellent condition
  • Outside City Limits

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 1

Property Details

Home Type

Apartment

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: Apartment Complex
  • Style: Other
  • Condition: Excellent
  • ADA Features: No
  • Lp Amt Sq Ft: 138.61
  • Building Stories: 3.00000
  • Unit Level: 3
  • Year Renovated: 2023
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 2023

Interior Features

  • Estimated Living Area: 5952
  • Total Sq Ft: 5952

Exterior Features

  • Exterior: Frame, Stucco
  • Foundation: Slab
  • Roof Type: Flat

Garage/Parking

  • Car Storage: None
  • Internet: Yes

Utilities

  • Air Conditioner: Window Unit
  • Electricity Provided By: Entergy
  • Gas Type: Natural
  • Heating: Window Unit
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: Yes

Lot Info

  • Elevation Certificate: No
  • Lot Description: Regular
  • Lot Size: 2960
  • Parcel #: 1

Green Features

  • Green Building Cert Attached Y N: No

Rental Info

  • Lease Purchase Poss: No

Multi Family

  • Total Bedrooms All Units: 9
  • Total Full Baths All Units: 6
  • Total Rent All Units: 7594
  • Total Units: 6
  • Unit Count: 6

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 For Sale $825,000 +65.3% $139 / Sq Ft
09/27/2019 09/27/19 Sold -- -- --
08/28/2019 08/28/19 Pending -- -- --
08/12/2019 08/12/19 For Sale $499,000 -- $119 / Sq Ft
Source: Gulf South Real Estate Information Network

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Source: Gulf South Real Estate Information Network

MLS Number: 2493974

Gulf South Real Estate Information Network

APN: 6-14-3-568-01