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$ 7,270,000
Est. payment /mo
Active
313 Exchange Place New Orleans, LA 70130
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID NO2524309
Property Description
Actual gross rent of $44,550 per month. 20 of 22 units leased, reach out to agent for rent roll and financials. Seller financing available. This (6) building, 22-unit portfolio offers a rare, generational opportunity to acquire a strategically located mix of commercial, multifamily, and residential assets in the heart of the French Quarter--one of the most supply-constrained and historically stable submarkets in the region. The portfolio includes a majority of residential apartments complemented by ground floor commercial spaces, with several properties on the National Historic Registry. Seller financing available, 30 yr AM, 5-7 yr balloon, min. 20% down, rate negotiable. The properties showcase extensive recent capital improvements while preserving their historic charm. 525 Conti features brand-new roof, 1524 St. Mary St has new gutters, 307 Exchange has a new elevator, and 522-24 Burgundy St includes an award-winning renovation. Additional highlights include new renovations for most units and the courtyard interior at 307 Exchange --where Edgar Degas painted and where a commemorative plaque remains on the exterior. All assets occupy prime locations within historically protected districts that benefit from year-round foot traffic and limited new construction. These properties have consistently attracted successful commercial tenants and long-term residential tenants, ensuring stable occupancy and proven demand. Historic architecture combined with modernized systems and recent renovations supports ongoing operational viability and long-term appreciation making this portfolio a once in a lifetime opportunity.
Location
State LA
Interior
Heating Central
Cooling Central Air
Exterior
Exterior Feature Balcony
Parking Features None
Roof Type Composition
Garage false
Building
Foundation Slab
Level or Stories 3
Others
Tax ID MULT
Acceptable Financing Owner Will Carry
Listing Terms Owner Will Carry
Listed by Bridgewater Realty Advisors, LLC