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International Apts 3223 Third St

24 Unit Apartment Building $2,800,000 ($116,667/Unit) 6.71% Cap Rate New Orleans, LA 70125

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Investment Highlights

New Roof: Only 2 years old, ensuring peace of mind and low maintenance costs.
Parking: 24 assigned parking spots for tenants' convenience.
Income: Total monthly rent collection is $21,000, providing a solid return on investment.

Separate Utilities: Each unit has its own water and electric meter.
Financing: Seller offers attractive Bond for Deed financing with just 14% down and $14,000 monthly payments.

Executive Summary

Turnkey 24-Unit Gem in Uptown NOLA with Bond for Deed Financing!
Welcome to this exceptional 24-unit apartment community located in the vibrant Hoffman Triangle of Uptown New Orleans. This well-maintained property features a mix of 20 spacious 2-bedroom, 1-bath units, 3 cozy 1-bedroom, 1-bath units, and 1 convenient studio unit.
Highlights:
- New Roof: Only 2 years old, ensuring peace of mind and low maintenance costs.
- Separate Utilities: Each unit has its own water and electric meter.
- Parking: 24 assigned parking spots for tenants' convenience.
- Financing: Seller offers attractive Bond for Deed financing with just 14% down and $14,000 monthly payments.
- Income: Total monthly rent collection is $23,369, providing a solid return on investment.
Don't miss this fantastic opportunity to own a profitable and well-located property in one of New Orleans' most desirable neighborhoods.
Schedule a private viewing today!

Property Facts

Price	$2,800,000	Apartment Style	Low Rise
Price Per Unit	$116,667	Building Class	C
Sale Type	Investment	Lot Size	0.30 AC
Cap Rate	6.71%	Building Size	28,608 SF
Sale Conditions	High Vacancy Property	Average Occupancy	100%
Gross Rent Multiplier	10.7	No. Stories	3
No. Units	24	Year Built	1960
Property Type	Multifamily	Parking Ratio	1.05/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,800,000
Price Per Unit	$116,667
Sale Type	Investment
Cap Rate	6.71%
Sale Conditions	High Vacancy Property
Gross Rent Multiplier	10.7
No. Units	24
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.30 AC
Building Size	28,608 SF
Average Occupancy	100%
No. Stories	3
Year Built	1960
Parking Ratio	1.05/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.