7101-7105 MAPLE ST, New Orleans, LA 70118
7101-7105 MAPLE ST, New Orleans, LA 70118
7101-7105 MAPLE ST, New Orleans, LA 70118
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$1,800,000
Est. payment /mo
4,110 SqFt
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,110 sqft

Price per Sqft $437

MLS Listing ID 2552021

HOA Y/N No

Year Built 1979

Lot Size 5,850 Sqft

Acres 0.1343

Property Description



Initial offering of a newly-renovated, fully-furnished, 100% leased, attractive and extremely well-positioned, turn key investment property in immediate proximity to both the Freret Street corridor and the core of Tulane University's campus. This 3plex has been meticulously renovated, with work being completed just last year. Each unit has tenants vetted to meticulous standards that pay on time and in full. Lease lengths are all 12 months (as opposed to the 9 month lease length you'll frequently find with student housing). All 3 units have significant outdoor space, especially the endcap units, for grilling and spending time in the sunshine, along with assigned parking and mature landscaping.



Property is located in flood zone x, with an assumable flood policy (and a modest premium). Zero deferred maintenance. A line of the future masters of the universe around the block looking for a luxury, low-touch lease arrangement. Asking 5% cap rate for such an appealing and stable long term investment. First showings will be conducted on May 15th (following the spring exam period).

Location

State LA

County Orleans

Zoning HU-RD2

Interior

Fireplace No

Exterior

Parking Features Three or more Spaces

Water Access Desc Public

Building

Lot Description Corner Lot, City Lot

Dwelling Type Other

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Additional Building Living Quarters

Others

Tax ID 615307313

Special Listing Condition None

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Kristen Koppel

Kristen Koppel

+1(504) 525-3067

Real Estate Agent | License ID: 0995687860

Real Estate Agent License ID: 0995687860

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