1917 Leonidas St New Orleans, LA 70118-1536

Property Details for 1917 Leonidas St

Year built

1970

Lot size

0.10 lot acres

Property size

2,714 SF

Property type

Apartment buildings

APN

716302512

APU

716302512

Description

This exceptional investment opportunity presents a six-unit apartment building located at 1917 Leonidas St, New Orleans, LA 70118. The property boasts 2,714 square feet across two stories, offering a compelling price per square foot of $189.76 and a price per unit of $85,833.33. Currently stabilized and generating positive cash flow, this multifamily property presents a value-add opportunity for potential equity growth. The building features convenient off-street parking and enhanced security with gated and fenced unit entry. This property is part of a larger portfolio of three two-story buildings, all within a 15-minute radius of each other, providing potential for economies of scale and portfolio diversification. Detailed financial information, including rent rolls, income statements, and expense reports, is available upon request. The property's location in New Orleans, Orleans Parish, offers access to a vibrant rental market. The assessed property number (APN) is 716302512. This is an ideal opportunity for investors seeking a stable, cash-flowing asset with significant upside potential through renovations and tenant improvements. Serious inquiries are encouraged to explore this promising investment further.