Commercial - New Orleans, LA Great opportunity for 1031 exchange. Cap rate 7%. Mixed-use commercial building in Opportunity Zone. HU-MU zoning. X Flood zone! Restaurant on 1st floor; 3 2BR/1 bath apartments on 2nd floor. Restaurant has long term lease w/ escalating rent & NNN. 100% occupancy, no vacancy. Located on the corner of Felicity St and OCH Blvd, Central City's main street, this historic beauty is just 3 blocks from St. Charles Ave, convenient to the CBD and the Garden District. Lots of new development happening! Come be a part of it!GOI $107,500. NOI $69,918. Cash flow before taxes annually $8326. Escalating rents. Cap rate 7%. 100% occupancy, no vacancy. After tax IRR 14.38%. Current insurance is $9,817.11. Projected taxes $14,500 annually. All units metered separately. Do not approach tenants! CALL OR TEXT ADELE FOR A PRIVATE SHOWING 504-715-3281. Also listed on LACBD # 30568696. Standard Message and Data Rates May Apply.
Days On Market
April 14, 2021
Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Full Bath; Full Bath; Full Bath
Offered By: Adele Borie
Keller Williams - New Orleans
Data Provided by Keller Williams Realty, Inc.
Anne of Green Gables
ESPN, CPN, ASP
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