1121 N Villere St, New Orleans LA 70116

Coming Soon

Call 504-608-4404

100% Occupied 26 Unit Apartment Complex in the heart of the Historic Tremé. These buildings are maintained meticulously with practically zero deferred maintenance and comes equipped with a brand new $40,000 roof.  This 16,000 SqFt lot spans across an entire city block, offering off-street parking for residents on N. Villere Street and a separate entrance and parking lot on N. Robertson Street. This compound is located directly across the street from the African American Museum, and just 4 blocks from Rampart Street and the French Quarter. Endless potential with this unique property in the heart of New Orleans.

X FLOOD ZONE

Gross Rent Roll: $17,675

Property Zoning: HMR-1 
According to New Orleans Property Viewer:
Short Term Rental, Small: Permitted
Short Term Rental, Large: Conditional

The property is currently all long term renters and based on comps in the neighborhood, the property is under rented. Small 400-600 SqFt one bedroom apartments are renting from $900-$1100/mo in the Tremé. Please click link below for recent rental comps.

Click links below:

RENTAL COMPS

CAP RATE AND EXPENSE BREAKDOWN

POTENTIAL CAP RATE AND ROI

 

 

Buyer to do all due diligence in regards to property condition, zoning, measurements and all other aspects of property sale.

Price:$Call for more info
Address:1121 N Villere St
City:New Orleans
County:Orleans
State:LA
Floors:2
Square Feet:11218
Lot Square Feet:16011
Bedrooms:25
Bathrooms:25

Listing Inquiry