3037 Royal St
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3037 Royal St
7 Unit Apartment Building $1,245,000 ($177,857/Unit) New Orleans, LA 70117
Executive Summary
Reduced! Motivated Sellers!
3037 Royal Street presents a unique opportunity with 4 apartment units and over 10,000 square feet of office space available for sale. All apartments are fully leased and all have been recently renovated. The rear commercial space is partially owner-occupied but will be delivered vacant at act of sale. It currently features 14 private office spaces, a large boardroom, a full kitchen area, commercial laundry facilities, approximately 800 square feet of double-height warehouse space, and several larger open office areas.
With tax credits available for renovation, this fully sprinklered property is ideal for an office user seeking space with additional income from the apartments, or an investor looking for stable returns in a prime location from a long term lease or from coworking space. The RDO-1 overlay permits a variety of commercial uses, including office, retail, restaurant, gallery, and medical. Located close to Bywater favorites like Petite Clouet, Bywater Brew Pub, BABS, Satsuma, Pizza Delicious, and many more.
3037 Royal Street presents a unique opportunity with 4 apartment units and over 10,000 square feet of office space available for sale. All apartments are fully leased and all have been recently renovated. The rear commercial space is partially owner-occupied but will be delivered vacant at act of sale. It currently features 14 private office spaces, a large boardroom, a full kitchen area, commercial laundry facilities, approximately 800 square feet of double-height warehouse space, and several larger open office areas.
With tax credits available for renovation, this fully sprinklered property is ideal for an office user seeking space with additional income from the apartments, or an investor looking for stable returns in a prime location from a long term lease or from coworking space. The RDO-1 overlay permits a variety of commercial uses, including office, retail, restaurant, gallery, and medical. Located close to Bywater favorites like Petite Clouet, Bywater Brew Pub, BABS, Satsuma, Pizza Delicious, and many more.
Property Facts
Price | $1,245,000 | Building Class | C |
Price Per Unit | $177,857 | Lot Size | 0.17 AC |
Sale Type | Investment | Building Size | 12,500 SF |
No. Units | 7 | No. Stories | 2 |
Property Type | Multifamily | Year Built/Renovated | 1880/2010 |
Property Subtype | Apartment |
Price | $1,245,000 |
Price Per Unit | $177,857 |
Sale Type | Investment |
No. Units | 7 |
Property Type | Multifamily |
Property Subtype | Apartment |
Building Class | C |
Lot Size | 0.17 AC |
Building Size | 12,500 SF |
No. Stories | 2 |
Year Built/Renovated | 1880/2010 |
Site Amenities
- Security System
- Elevator
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
3+3 | 1 | - | - |
Studios | 1 | - | - |
1+1 | 2 | - | - |
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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (85)
zoning
Zoning Code | HMR-3 (RDO-1 Overlay) (Historic Marigny/Tremé/Bywater Residential District) |
HMR-3 (RDO-1 Overlay) (Historic Marigny/Tremé/Bywater Residential District) |
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3037 Royal St
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