Sale

Napoleon Ave Multifamily

2833 Napoleon Avenue, New Orleans, Orleans 70115

Description

2833 Napoleon Ave offers a centrally located, commercial-zoned, multi-family property with strong existing income in place from 11 tenants. The property is fully occupied and includes a mixture of private 1-bedroom, 2-bedroom, and efficiency units along with communal living spaces.  The right side was renovated post-Ida, featuring updated layouts in private units, while the left side houses communal areas and individual bedroom rentals. The property features high ceilings throughout, large rooms, original hardwood floors, historic detailing, sunrooms/porches, a vast unfinished basement currently housing laundry and storage, a large rear parking lot for 6-8 cars, and a 4th floor that is partially framed out for additional bedrooms or additional units. Additionally, the roof was fully replaced after Ida.

The property has updated electrical/plumbing but needs exterior renovation due to deferred maintenance. The opportunity exists for a purchaser to upgrade the left units as the owner has done or reposition into office, retail, restaurant, etc. while utilizing the substantial and consistent in-place income to offset costs.

 

For additional information, see linked 2833 Napoleon Avenue Brochure.

Detail
Zoning
HU-B1
Property Size
9,954 SqFt
Property Type
Commercial

Address

Address: 2833 Napoleon Avenue

City: New Orleans

Parish: Orleans

Zip Code: 70115

Neighborhood: Napoleon

Contact Agents

Ben Jacobson

1900 Cadiz St., STE A
New Orleans, LA 70115
504.301.1002 ben@benburka.com

Casey Burka

1900 Cadiz St., STE A
New Orleans, LA 70115
504.301.1002 casey@benburka.com

Aaron Kazanoff

1900 Cadiz St., STE A
New Orleans, LA 70115
504.301.1002 aaron@benburka.com

Cameron Tveit

1900 Cadiz St., STE A
New Orleans, LA 70115
504.301.1002 cameron@benburka.com

Abby Schroeder

1900 Cadiz St., STE A
New Orleans, LA 70115
504.301.1002 abby@benburka.com

Call or Text

504.301.1002

Our Office

25 Walnut Street,
New Orleans, LA 70118

Follow Us

Drop us a line

Call or Text

504.301.1002

Our Office

25 Walnut Street,
New Orleans, LA 70118

Follow Us