1714 16 Marais Street
New Orleans, LA 70116
- 10 beds
- 5 baths
- 4,500 sqft
- $177 per sqft
- 2022 build
SELLER FINANCE OFFERED. 10.6% downpayment. Reach out for additional terms. 1714-16 Marais Street is a 5-unit apartment complex that was recently constructed in 2022 and currently fully occupied. Nestled in a highly sought-after location that is minutes from the French Quarter, Treme, and Bywater, this property seamlessly combines luxury, convenience, and smart investment potential. The 3-story building consists of five (5) 2 bedroom1 bathroom units that are each approx. 900 square feet each. The immediate return on investment isevident as all five units are currently leased,offering a stable and predictable income stream. The building's construction prioritizes low maintenance, utilizing high-quality materials and energy-efficient features, ensuring minimal upkeep and reduced utility costs. Additionally, the property boasts low insurance costs due to its adherence to the latest safety standards and age of new roof. This investment promises long-term success, withthe property poised for significant appreciation over time. Schedule your viewing today andsecure your stake in this exceptional investment opportunity.
Listing courtesy of GSREIN / Bridgewater Realty Advisors, LLC
Last checked:
Checking…
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Last updated Jun 30, 2024
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MLS# 2428209 —
The Building
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Year Built:2022
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Year Built Details:Resale,All Original
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New Construction:No
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Architectural Style:Other
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Building Area Source:Appraiser
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Roof:Shingle
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Foundation:Slab
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Levels:Three Or More
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Stories:3
Interior
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Living Area:4500
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Living Area Source:Appraiser
Financial & Terms
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Home Warranty:No
Location
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Cross Street:St Claude & St Bernard
The Property
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Property Type:Residential Income
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Property Subtype Additional:Apartment
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Property Subtype:Apartment
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Property Condition:New Construction, Resale
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Lot Features:City Lot, Rectangular Lot
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Lot Size Dimensions:3200sqft
Listing Agent
- Contact info:
- Agent phone:
- (504) 298-8631
- Office phone:
- (504) 298-8631
Beds
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Bedrooms Total:10
Baths
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Full Baths:5
The Listing
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Current Price:$799,000
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Special Listing Conditions:None
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Buyer's Brokerage Compensation:2.5
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Buyer Brokerage Compensation:2.5
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Buyer Brokerage Compensation Type:Item1
Heating & Cooling
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Heating:Central
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Heating:Yes
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Cooling:Central Air
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Cooling:Yes
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Pool Features:None
Parking
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Parking Features:None
Extra Units
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# of Units Total:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/8/24
Apr 8, 2024
|
Price Changed | GSREIN | $799,000 | -5.9% |
1/4/24
Jan 4, 2024
|
Listed / Active | GSREIN | $849,000 |