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7101-7105 Maple Street
New Orleans, LA 70118

$1,800,000 - Status: Active
SQFT: 4,110
MLS# 2552019

<p style="color:green"> 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. <p style="color:red"> Interior photos to be added to MLS following the spring exam period. <p style="color:purple"> 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).

Property Features

MLS#: 2552019
Zip: 70118
Subdivision:
Development:
Property Type: Multi Unit - Multiple
Number of Units: 3
Cooling: Central Air
Days on Site: 23
Heating: Central
Home Style: Triplex, Traditional
Lot Size: 0.13 acres
Roof Type: Metal
Stories: 2.0

Feature Descriptions

Exterior: Brick
Exterior Features: Balcony, Courtyard
Laundry: In Unit
Lot Description: Corner Lot, City Lot
Lot Dimensions: 65 x 90
Parking: Three or more Spaces
Patio/Porch: Balcony
Property Condition: Excellent
Sewer: Public Sewer
Units: 3
Water: Public

7101-7105 Maple Street | MLS# 2552019

This multi-family property located at 7101-7105 Maple Street, New Orleans, LA 70118 is currently listed for sale with an asking price of $1,800,000. Search New Orleans real estate on www.riccire.com today.

Listed By / Shown By

Listed By

Agency Name: Berkshire Hathaway HomeServices Preferred, REALTOR
Agency Phone: (504) 766-6705

Shown By

Agency Title: Ricci Real Estate
Agency Phone: (504) 372-0050

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