2300 North Broad Street

New Orleans LA 70122

14098 sq. ft.

0.56 ac.

Apartment

Currently for sale - view listing

Overview

34-Unit Multifamily | ±18,944 SF | 0.56 Acres | HU-MU Zoning Well-positioned 34-unit, two-story multifamily apartment complex along the Broad Street corridor in New Orleans, easy access to Gentilly, Mid-City, Seventh Ward, Fair Grounds Race Course, I-610, and I-10. The property contains 34 one-bedroom / one-bath units (approximately 500 SF each). Tenant base includes HANO, LHA, Unity, VOA, providing stable and diversified income. ***Owner Financing Available: Down Payment: 15% due at closing, Interest Rate: 5% for years 1–2, Amortization: 30 years Additional Principal Payment: 5% due at year 2 Interest Rate: 7% for years 3–5, Balloon Payment: due at year 5 Seller Second Terms: Down Payment: 75% due at closing, Seller to finance remaining 25% Interest Rate: 4%, for for year 1-2, increase 5% for years 3-5. Amortization: 30 years Balloon Payment: Remaining balance due at year 5 Part of a larger New Orleans multifamily and commercial portfolio. Contact agent for rent roll, financials, and additional portfolio opportunities.