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3223 Third St
New Orleans, LA 70125

$2,800,000 USD

Apartments For Sale • 28,608 SF

Property Details

Property Type Apartments
Total Building Size 28,608 SF
Lot Size 0.3 AC
Building Class C
Year Built 1960
Cap Rate 6.71 %

44 Transit Score

75 Walk Score

                
                    Highlights
                
                                New Roof: Only 2 years old, ensuring peace of mind and low maintenance costs.
                            
                                Separate Utilities: Each unit has its own water and electric meter.
                            
                                Parking: 24 assigned parking spots for tenants' convenience.
                            
                                Financing: Seller offers attractive Bond for Deed financing with just 14% down and $14,000 monthly payments.
                            
                                Income: Total monthly rent collection is $21,000, providing a solid return on investment.

Cap Rate:

6.71 %

Amenities

Air Conditioning
Controlled Access
Fenced Lot
Property Manager on Site
Security System
Heating
Trash Pickup - Curbside
Kitchen

Public Transportation

Commuter Rail	Drive	Walk	Distance
New Orleans Union Passenger Terminal (City of New Orleans - Amtrak, Crescent - Amtrak, Sunset Limited - Amtrak)	4 min	-	1.6 mi
Airport	Drive	Walk	Distance
Louis Armstrong New Orleans International	22 min	-	15.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	30
Type:	Surface
Included in Rent:	Yes

Ross Talbot 504-525-9763 Talbot Realty Group

3223 Third St New Orleans, LA 70125