Description
Available as a portfolio sale, 1431 Baronne Street, et al, offers a total of fifteen fully leased residential units, two leased commercial units, and one currently vacant (shell condition) unit, all along the rapidly improving Baronne Street corridor. The site includes two of the corners at the signalized intersection of Baronne Street and MLK Blvd. Most tenants are on month-to-month leases, allowing for easy renovation and re-leasing.
1432 Baronne Street includes 10 residential units and a commercial unit leased to a dog groomer. 1431 Baronne Street includes 4 residential units, a large commercial space on the ground floor leased to a corner store, and a currently vacant former commercial unit on the ground floor that is currently being used as storage. 1429 Baronne Street is a 3-bedroom single-family house that is leased to a short-term rental operator with a commercial license in place.
The offering provides strong day-one returns along with a value-added opportunity to increase rents by performing basic renovations and improvements. Full rent roll and additional photos/information are available upon request.
For additional information, see linked Baronne Street Portfolio Brochure.
ZoningMU-2
Property Size20,488 SqFt
Property TypeCommercial
Address
Address: 1431 Baronne Street
City: New Orleans
Parish: Orleans
Zip Code: 70113
Neighborhood: Central City
