1835 Burgundy Street

Description

1835 Burgundy Street is a one of a kind 8-unit apartment building in the highly sought-after Marigny Triangle market, just blocks from the French Quarter. Each unit is legally described as a separate condominium which provides for an excellent exit strategy for potential buyer. This is an great opportunity for a buyer to purchase 8-unit package, sell (6) of the condos at market value ($200k) to recoup total investment, and then keep (2) of the condos as an owner's unit or as rental units. Property is offered in its entirety units 1-8. Each studio unit offers a perfect blend of modern convenience and ample living space. The property includes garage parking and gated security for tenants. Building also includes a large deck on the second floor with view of the French Quarter. Investors will have the opportunity to increase monthly gross income by $2,800 which includes raising the current rental rates to market as well as renting out the garage space for $200 per month. This is a chance to own an extraordinary asset in one of the best locations in the New Orleans area. Do NOT disturb tenants