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2831 Pauger St New Orleans, LA 70119

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For Sale
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Nine-unit property with income potential near French Quarter.

Property Features for 2831 Pauger St

General Information

Standard status
Active
Zoning
Commercial Multifamily

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Listing Contact
Kemet Llc
Source: Crexi

Listing Agency: The Agency of M. Grass Group Listing Agent: Kemet Llc

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Stabilized Multifamily Investment Opportunity

This stabilized nine-unit property presents an opportunity to increase returns and value through rent appreciation and minor upgrades. The property features a durable brick construction on a concrete corner lot, requiring minimal maintenance. It comprises four duplexes and one single-family home, situated side-by-side. The tenant mix includes long-term residents, with some leases subsidized and others self-paying. The property's location offers proximity to St. Augustine High School, major highways, the French Quarter, the Fairgrounds, and Dillard University. The gross annual income is $121,000 per year. Owner financing is offered with terms including 12.5% down payment and a bond for deed financing with a balloon payment in 24 months; some terms are negotiable, but the 24-month balloon payment is not.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
New Orleans
County
Jefferson
State
Louisiana
Longitude
-90.0611855
Latitude
29.9792271

FAQs

What type of property is this?
Apartment building - Nine-unit property with income potential near French Quarter.
Where is this apartment building located?
The property is located at 2831 Pauger St New Orleans, LA.
What are key features of this property?
This property features: - Owner financing offered with 12.5% down (Bond for Deed Financing); - Stabilized 9-unit property with **$121,000 gross annual income**; - Opportunity to increase returns through rent appreciation and low-cost upgrades
More about this property
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