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Key Details
Sold Price $964,500
Property Type Multi-Family
Sub Type Apt Complex (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 4,624 sqft
Price per Sqft $208
Subdivision Rural Tract (No Subd)
MLS Listing ID 2024016612
Lot Size 7,405 Sqft
Property Sub-Type Apt Complex (5+ Units)
Property Description
Offering Memorandum https://buildout.com/connect/sharing/newly-renovated-multifamily-opportunity-2216-amelia-st-new-orleans-la-70115?view_locked_docs=true Now available for sale, 2216 Amelia St is a fully renovated 10-unit apartment complex in a sought-after location near Tulane and Loyola Universities. The property is fully occupied. Full vouchers in place through HANO and LHC paying $1,263 / month. This property, comprising ±4,624 SF across a ±0.17-acre lot, offers exclusively onebedroom, one-bathroom units, perfectly catering to the high demand from students and young professionals. The recent complete renovation, including a new roof, updated electrical, new appliances and updated plumbing systems, positions this complex as a turnkey investment and minimizes upfront costs and maintenance concerns for the new owner. The strategic location not only provides easy access to the New Orleans streetcar line but also places it just six minutes from the CBD / Warehouse District, enhancing its appeal to a wide tenant base. There is both street parking and a dedicated lot in the rear of the building. • Fully occupied – full vouchers in place through HANO and LHC paying $1,263 / mo • Newly renovated • Great location close to campus and streetcar line • All units 1 bd / 1 br Contact Benji Azar at 504-289-7750 for more information.
Location
State LA
Parish Orleans
Interior
Heating Other
Cooling Other
Exterior
Garage Spaces 10.0
Building
Story 2
Foundation Other, Slab
Sewer Public Sewer
Water Other, Public
Schools
Elementary Schools Orleans Parish
Middle Schools Orleans Parish
High Schools Orleans Parish
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
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