2616 S Broad Ave, New Orleans, LA 70125

Commercial property for lease

• Description
• Features: Ground floor retail, three residential units upstairs. Ample off street parking at S. Broad Ave. and Fourth St. Fully renovated from studs out in 2016. 5,649 (+/-) total square footage. Retail: Downstairs unit approximately 2,825 square feet on ground floor leased $3,500/month, gross Residential: Three upstairs residential units on second floor. Each housing 2 bedrooms and 1 bathroom. Unit A is occupied in a one year lease for $1,000 per month Unit B is occupied in a one year lease for $900 per month Unit C is occupied in a one year lease for $750 per monthZoning: HU-B1. This zoning allows short term rentals for Air BnB type units. Transitioning long term leases to short term rentals can significantly increase property income. Retail Rental Rate: Retail tenant in month to month lease. Will stay or can vacate. Currently asking $4,000 per month, gross ($16.99 psf) Cap Rate: 8% (current gross rents are $73,800 annual)Sale Price $615,000 ($108.87 psf) Building price details: $615,000.
• Spaces Available

  Space 1

  Rental Rate:	$4,000.00 Amt/Month
  Occupancy:	Vacant
  Added Date:	12 Mar, 2018

• Contact info
• Bryce French

  Max J Derbes Inc
• Note

• Details Info about this row that located on 2616 S Broad Ave, New Orleans, LA 70125 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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