1835 Burgundy Street
New Orleans, LA 70116
- – beds
- 8 baths
- 2,680 sqft
- $447 per sqft
- 1982 build
1835 Burgundy Street is a one of a kind 8-unit apartment building in the highly sought-after Marigny Triangle market, just blocks from the French Quarter. Each unit is legally described as a separate condominium which provides for an excellent exit strategy for potential buyer. This is an great opportunity for a buyer to purchase 8-unit package, sell (6) of the condos at market value ($200k) to recoup total investment, and then keep (2) of the condos as an owner's unit or as rental units. Property is offered in its entirety units 1-8. Each studio unit offers a perfect blend of modern convenience and ample living space. The property includes garage parking and gated security for tenants. Building also includes a large deck on the second floor with view of the French Quarter. Investors will have the opportunity to increase monthly gross income by $2,800 which includes raising the current rental rates to market as well as renting out the garage space for $200 per month. This is a chance to own an extraordinary asset in one of the best locations in the New Orleans area. Do NOT disturb tenants
Last checked:
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Last updated Jun 24, 2024
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MLS# 2450132 —
The Building
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Year Built:1982
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Construction Materials:Brick
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Architectural Style:Other
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Building Area Source:Measured
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Roof:Shingle
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Foundation:Slab
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Security Features:Closed Circuit Camera(s)
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Exterior Features:Balcony, Fence
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Patio Features:Balcony
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Levels:Two
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Stories:2
Interior
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Living Area:2680
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Living Area Source:Measured
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Laundry Features:Common Area
Location
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Cross Street:Pauger & St Anthony
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:Excellent
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Lot Features:Corner Lot, City Lot
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Lot Size Dimensions:3072
Listing Agent
- Contact info:
- Agent phone:
- (504) 298-8631
- Office phone:
- (504) 298-8631
Taxes
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Tax Legal Description:SQ 268 LOTS 1&2 BURGUNDY & PAUGER 31/32X42-40/95 2/STY BR & FR APT BLDG 8 UNITS C/R SEE SEQ E002 NOTE CONVERTED BACK TO APT BLDG PER FIELD INSPECTION
Baths
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Full Baths:8
The Listing
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Current Price:$1,200,000
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Special Listing Conditions:None
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Buyer Brokerage Compensation:2
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Buyer Brokerage Compensation Type:Item1
Heating & Cooling
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Heating:Window Unit
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Heating:Yes
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Cooling:Window Unit(s)
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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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Garage:Yes
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Parking Features:Garage
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 |
---|---|---|---|---|
5/23/24
May 23, 2024
|
Listed / Active | GSREIN | $1,200,000 |