1938 JACKSON Avenue
1938 JACKSON Avenue
1938 JACKSON Avenue
1938 JACKSON Avenue
1938 JACKSON Avenue
1938 JACKSON Avenue
1938 JACKSON Avenue
1938 JACKSON Avenue
1938 JACKSON Avenue
1938 JACKSON Avenue
1938 JACKSON Avenue
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Price Upon Request

1938 JACKSON Avenue

10 Beds 10 Baths 5,000 Sq.Ft.

Description

RENTAL INCOME INCREASE! 90% occupied 10 unit apartment complex. Units #1, 2 and #5 were just approved (10.5.23) for rental increase to $1,149 per month starting on November 1, 2023. Value add opportunities via achieving fair market rents and some minor cosmetic improvements. Property management willing to stay on, terms negotiable with new ownership. Water is paid by owner, most tenants pay electricity with owner only paying 2 units. Mixture of cash and subsidy tenants. Please reach out to listing agents for offering memorandum, which contains all expenses, rent roll, and financing. Do NOT disturb tenants, please contact listing agents for showings.

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Location

1938 JACKSON Avenue, New Orleans, LA 70113

Status

Sold

Property Amenities

Interior
Total Bedrooms: 10
Full Bathrooms: 10
Area & Lot
Living area 5,000 Sq.Ft.
MLS® ID 2403803
Architecture Styles Other
Type Condo
Status Sold
Exterior
Stories 2
Pool None
Air conditioning Window Unit(s)
Heat type Window Unit
Water Source Public
Security Features Closed Circuit Camera(s)
Sewer Public Sewer
Other Exterior Features Balcony, Courtyard, Fence
Parking None
Lot Features City Lot, Rectangular Lot
Roof Metal

New Orleans

Work With Patricia

Patricia has a comprehensive understanding of the market and is skillful in strategic pricing and marketing. She believes her clients are #1. It's all about her clients and their best interests. Patricia helps people every step of the way when purchasing or selling homes, providing professional and trustworthy full service.