3,267 Square Foot Multi-Family Space For Sale @ 2605 Washington Ave

Turn-key 4-plex residential apartment building in Central City New Orleans. The property is fully leased and offered at an 8.0% CAP. It has a contractual Annual Rental Income of $44,592 and proforma ancillary income (laundry facility) of $2,000 for Gross Annual Income of $46,592. Proforma annual expenses are $13,392 for an annual proforma NOI of $33,200.

First constructed in approximately early 1970, this property had a full and complete inside and out renovation in mid/late 2016 including refinished exterior, new interior plumbing, electrical, interior HVAC, full kitchen renovations with granite countertops, new stainless refrigerators, sinks, dishwashers, and cabinetry.

Listing Agent holds ownership interest in the property.