
Description
Access Offering Memorandum here: https://elifinrealty.com/deals/fully-occupied-and-renovated-6-unit-multifamily-opportunity-1444-japonica-st-new-orleans-la-70117/ Now available for sale, 1444 Japonica St is a fully occupied 6-unit multifamily opportunity. The turn-key property was completely renovated in 2023, and features a brand new roof, AC units, water heaters, appliances, kitchen cabinets, plumbing, electrical, interior and exterior paint, and granite countertops. Plumbing has also been run to dedicated outdoor space, with the potential to add laundry facilities to generate additional income. The property currently yields an actual Net Operating Income of $55,048.44 and an 11.59% Cap Rate. Located less than 10 minutes from I-10, the property provides convenient access to major destinations, including the French Quarter (10 minutes) and the Central Business District (15 minutes). Zoned HU-RD2 Historic Urban Two-Family Residential District. Contact Cade Williams for more information: 225-288-8821
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0BEDS
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0.08ACRES
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0BATHS
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01/2 BATHS
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2,698SQFT
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$176$/SQFT
Description
Access Offering Memorandum here: https://elifinrealty.com/deals/fully-occupied-and-renovated-6-unit-multifamily-opportunity-1444-japonica-st-new-orleans-la-70117/ Now available for sale, 1444 Japonica St is a fully occupied 6-unit multifamily opportunity. The turn-key property was completely renovated in 2023, and features a brand new roof, AC units, water heaters, appliances, kitchen cabinets, plumbing, electrical, interior and exterior paint, and granite countertops. Plumbing has also been run to dedicated outdoor space, with the potential to add laundry facilities to generate additional income. The property currently yields an actual Net Operating Income of $55,048.44 and an 11.59% Cap Rate. Located less than 10 minutes from I-10, the property provides convenient access to major destinations, including the French Quarter (10 minutes) and the Central Business District (15 minutes). Zoned HU-RD2 Historic Urban Two-Family Residential District. Contact Cade Williams for more information: 225-288-8821
© 2025 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Deante' Thomas, Realtor | Keller Williams Realty Red Stick Partners. Data last updated: 2025-02-16T08:32:24.12. Licensed in the State of Louisiana, USA. Deante' Thomas, Realtor | Keller Williams Realty Red Stick Partners || 225-726-1783 || Baton Rouge, LA