Residential Over 5 Units - New orleans multi unit louisiana

117 units in New Orleans
$7.7M price
2/1 & 1/1
Built in 1960, renvo in 2000
2 stories

at 7.7mil, cap is 7.7%, with rents going up in value


Magnolia Gardens
6001 Downman Road New Orleans, LA 70126 USA

Units are in great condition with courtyard
Pool & gated with 24 hour surveillance
Playground - owner is upgrading area soon
Picnic area - owner is upgrading area soon
Water & trash is included in tenants rent
Laundry facilities onsite
24 hour maintenance

This property is off-market. It has an OM due to it being under contract but kept refusing lowball offers.

Cash offers only but am pushing the seller to accept creative financing. Attached is the OM and financials, new financials are coming.



RENT ROLL 8-2022.xlsx

INCOME 12 MONTH AUGUST 2022.xlsx


circumvention prohibited.