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$ 1,010,000
$ 1,165,000 13.3%
7710-60 N CORONET CT New Orleans, LA 70126
36 Beds
30 Baths
15,156 SqFt
UPDATED:
Key Details
Sold Price $1,010,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 15,156 sqft
Price per Sqft $66
MLS Listing ID 2430142
Sold Date 01/28/25
Style Other
Bedrooms 36
Full Baths 24
Half Baths 12
Construction Status Excellent,Repairs Cosmetic,Resale
HOA Y/N No
Year Built 1974
Property Sub-Type Apartment
Property Description
Fully renovated 12-unit apartment complex at 7710-60 North Coronet Court in New Orleans, LA, offers a lucrative opportunity with a potential monthly rent of $16,007, ensuring a robust and immediate cashflow. The current monthly income of $16,007 supasses the 1% rule.
The property contains three (3) fully renovated, 2-story buildings that each contain four (4) units. Each unit is approximately 1,263 sf and contains 3 bedrooms and 2.5 bathrooms.
There are few properties in the New Orleans East market that offer fully renovated 3 bedroom 2.5 bathroom apartments, making this a highly sought after destination for tenants. Overall, thisis a solid investment opportunity with high inplace cash flow and a great addition to a multifamily portfolio.
Location
State LA
County Orleans
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Off Street, Parking Lot, Three or more Spaces
Pool None
Water Access Desc Public
Roof Type Flat
Building
Lot Description City Lot, Rectangular Lot
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories Two
New Construction No
Construction Status Excellent,Repairs Cosmetic,Resale
Others
Financing Bond for Deed
Special Listing Condition None
Bought with JW Property Services, LLC