Multi-Family

1552 Magazine St


1552 Magazine St
New OrleansLA 70130

1552 Magazine St

Multi-Family: Low-Rise

1552 Magazine St, New OrleansLA 70130

Details

Total Size
17,404 SF
Rentable Space
8,702 SF
Land
0.16 Acre
Zoning
HU - B1(HISTORIC URBAN NEIGHBORHOOD BUSINESS DISTRICT
Building Status
Existing
Number of Buildings
1
Year Built
1850
Primary Construction Type
Wood
Number of Floors
2
Occupancy Type
Single Tenant
Number of Units
7
Percentage Leased
100
County
Orleans Parish
Submarket
Uptown-Garden District

Current Listings

Lower Garden District Apartment Complex

8,702 SF$1,275,000

The subject property is a historic, seven-unit apartment building and is one of three identical apartment complexes on that block of Magazine Street, all built in the mid 1800’s. Two - 5 bedroom STR's are licensed. Located on a main artery to uptown, Garden District, Warehouse District and Downtown. Public transportation is available and convenient for neighborhood businesses and residences.The property is fully occupied at rent levels significantly below market, therefore there is significant income upside potential.

Showings by appointment only.

The subject property is a historic, seven-unit apartment building and is one of three identical apartment complexes on that block of Magazine Street, all built in the mid 1800’s. Two - 5 bedroom STR's are licensed. Located on a main artery to uptown, Garden District, Warehouse District and Downtown. Public transportation is available and convenient for neighborhood businesses and residences.The property is fully occupied at rent levels significantly below market, therefore there is significant income upside potential.

Showings by appointment only.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: LACDB

More Information

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