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1300 Gallier Street, New Orleans, LA 70117

$350,000

Multi-Family|8 Beds|4 Full Baths

2,266 SqFt|MLS# 2134576

List Price
$350,000
List Date
12/07/2017
Status
Active
Type
Multi-Family
Bedrooms
8
Full Bathrooms
4
Living Square Feet
2,266 SqFt
Number of Units
4
MLS#
2134576

Description

Tremendous investment opportunity with a 4 Unit Multi-Family listing two blocks from St. Claude Ave in the Marigny/Bywater area offering a 10% cap rate!!! 4 municipal addresses/one building: each unit is a 2 BR/1BA with central air and electric water heaters. All units have been updated with ceramic tile throughout.

Location

MLS Area
New Orleans / Marigny / Bywater (72)
Neighborhood
Marigny/Bywater
Parish
Orleans

Details

General Information

Stories
1
Approximate Age
55
Approximate Age Description
Age Unknown

Style
• Other

Other Features

Condition
Fair
Waterfront
0
Sold with Waiver of Redhibition
Yes
Green Certification
No

Financial Information

Bond for Deed
No
Foreclosure
No
Lease Purchase
No
Owner May Finance
No

Utilities

Electric
Entergy
Water
Public
Sewer
City

Heating
• Central
Air Conditioning Type
• Central

Exterior

Lot Size
36 x 160

Building Exterior
• Brick
Foundation
• Slab
Lot Description
• Regular
Roof
• Shingle

Interior

Elevator
No
Measurements Approximate
Yes

Listing provided courtesy of: Gulf South Real Estate Information Network

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With this calculator you can put in your values and estimate the amount of your loan and get an estimate on the amount of your monthly payments. Click on the 'Calculate' button when you're ready.

**Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.

***Assessments are monthly fees such as Home Owners Association(HOA) Fees etc...

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