MULTI-FAMILY/POSSIBLE ASSISTED LIVING FACILIT | 4623 Laine Ave
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MULTI-FAMILY/POSSIBLE ASSISTED LIVING FACILIT 4623 Laine Ave
12 Unit Apartment Building $375,000 ($31,250/Unit) New Orleans, LA 70126
Executive Summary
Quiet & Private Boarding House with Versatile Potential Discover a unique opportunity with this 12-bedroom boarding house, offering a serene and private environment. This property features: 12 bedrooms in two residence halls, one on each level Two kitchens (one large, one small) Several common areas for relaxation & activities; A charming Screen room, and 2 large Multi-Activity Rooms, for dining, assembly, living, game room, classroom/office, etc An enclosed yard (garden) Ample parking on a large lot All rooms are typically occupied, generating a steady income. This property is well suited for those looking to: Continue the current boarding house operation, Improve/update the facilities for new uses such as a Bed & Breakfast, Home Care Facility, Assisted Living, Day Care, Place of Worship, and/or many other possibilities. The property is Zoned SRD, offering flexibility for various potential uses. Room measurements only estimations. 1 or 2 rooms likely available for Showing Time viewings (July/Aug 2024).
Property Facts Under Contract
| Price | $375,000 | Apartment Style | Garden |
| Price Per Unit | $31,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.42 AC |
| No. Units | 12 | Building Size | 6,400 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1954 |
| Price | $375,000 |
| Price Per Unit | $31,250 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 6,400 SF |
| No. Stories | 2 |
| Year Built | 1954 |
Unit Amenities
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- Courtyard
- Fenced Lot
- Walking/Biking Trails
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PROPERTY TAXES
| Parcel Number | 3-9W-9-061-10 | Improvements Assessment | $38,460 |
| Land Assessment | $2,840 | Total Assessment | $41,300 |
PROPERTY TAXES
Parcel Number
3-9W-9-061-10
Land Assessment
$2,840
Improvements Assessment
$38,460
Total Assessment
$41,300
zoning
| Zoning Code | S-RD (SUBURBAN TWO-FAMILY RESIDENTIAL DISTRICT) |
| S-RD (SUBURBAN TWO-FAMILY RESIDENTIAL DISTRICT) |
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MULTI-FAMILY/POSSIBLE ASSISTED LIVING FACILIT | 4623 Laine Ave
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