2108 Broadway St New Orleans, LA 70118
- Apartment buildings
- 6,659 SF
- 0.16 lot acres
Current Use by Public Records
- 2108 Broadway, managed by Upper Management, LLC / Apartment Building
Property Details for 2108 Broadway St
- Year built
- 1950
- Construction
- CONCRETE
- Lot size
- 0.16 lot acres
- Property size
- 6,659 SF
- Property type
- Apartment buildings
- APN
- 615312108
- APU
- 615312108
Description
This exceptional Class A, 9-unit apartment building presents a compelling value-add investment opportunity in New Orleans' desirable University neighborhood. Located at 2108 Broadway Street, this three-story building boasts 6,659 square feet of net rentable space on a 6,840 square foot lot, zoned HU-RD1. The property's prime location offers convenient proximity to Tulane and Loyola Universities, St. Charles Avenue, and a vibrant array of retail and dining establishments. Currently generating a robust income stream, the building features updated kitchens and bathrooms, modern HVAC systems, and select units with hardwood floors, high ceilings, and private balconies, catering to a diverse tenant base of students and young professionals. Off-street parking is available. The building's classic architectural style is meticulously maintained, blending historic charm with contemporary upgrades. This property's strong tenant demand and potential for rent growth make it an ideal investment for those seeking steady returns in a high-demand market. The asking price is $1,500,000. This is a rare opportunity to acquire a well-positioned multifamily asset with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans
- State
- Louisiana
- Longitude
- -90.1173
- Latitude
- 29.9498
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
