Property Description:
Rare investment opportunity to own on St. Charles Avenue
11-Unit Condo Package on Uptown Parade Route!
Eleven 1-bedroom, 1-bath condos are available at an unbeatable price of $159,000 per unit. With potential rents of $1,500 per unit per month, investors can potentially gross almost $200K per year.
Short-Term Rental, Air BNB, VRBO:
Qualified Investors will be purchasing roughly 1/3 of the complex and could position themselves to allow for vacation rentals with board approval, drastically increasing the value of each individual unit.
These Condos Offer:
Gated Parking
Common Courtyard with St. Charles Avenue, Mardi Gras Parade, and Streetcar views
On-site Laundry Facilities
Units facing West all have Private Verandas
Located on the parade route and St. Charles streetcar line, ideal for university commutes and the weekenders who call NOLA their second home.
Investment Highlights:
11 (eleven) 1 bedroom, 1 bath condos
Purchase Price: $159,000 per unit
Potential Rent: $1,500 per unit per month
Investor’s Potential Gross Income: Apx. $200,000/ year
Steps away from the St. Charles streetcar stop
Ideal for commuting to Universities or exploring the city
Perfect for Mardi Gras season festivities
Seize this fantastic real estate opportunity in the heart of Uptown and the Garden District. Contact us today for more details. This one will not last long.