Value-Add Investment Opportunity in Mid-City New Orleans

2009 Conti St New Orleans, LA 70112

2009 Conti St, New Orleans, LA, 70112
2009 Conti St, New Orleans, LA, 70112 2009 Conti St, New Orleans, LA, 70112 2009 Conti St, New Orleans, LA, 70112 2009 Conti St, New Orleans, LA, 70112 2009 Conti St, New Orleans, LA, 70112 2009 Conti St, New Orleans, LA, 70112
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$520,000
Last Verified:
Oct 10, 2022

Highlights

  • 6-Unit value-add opportunity 2 minutes from New Orleans CBD
  • Directly across from newly constructed New Orleans Charter Science & Math High School
  • 1 Block away from the Lafitte Greenway
  • Eligible for Opportunity Zone tax credits

Description

Located within a growing area with property values steadily increasing.

Zoned for Small and Partial Residential Short Term Rental.

The property is easily accessible with ±0.5 mile interstate access.

Tenants cover all utilities.

***To access the FINANCIALS (rent roll, income, expense, etc.), please click the "Documents" tab and open the “Offering Memorandum." From there, you’ll be able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***

Located on the Northeast side of Conti St directly across the street from the back side of the New Orleans Charter Science and Math High School

Building Size: 2592sq ft
Lot Size: 0 acres

Map of 2009 Conti St, New Orleans, LA, 70112

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.