Active
4-Plex Investment Opportunity in Mid City; Proforma 10 Cap
3518 Palmyra St New Orleans, LA 70119
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Overview
3518-20 Palmyra is an attractive 4-plex investment opportunity located in Mid City, offered for sale at $620,000.
Current rent roll:
3518: $2,000/mo
3518A: $1,200/mo
3520: $2,000/mo
3520A: $1,000/mo
Current total ann revenue: $74,400
By boosting rents, current projected proforma NOI could be around $60,000. Landlord also currently pays all utilities (water + Entergy + internet).
*Expenses available upon request*
Please do not disturb any tenants.
For Sale
Multifamily
- Sale Price
- $620,000
- Price Per SF
- $147/SF
- Building Size
- 4,218 SF
- Acres
- 0.08 ac
- Building Class
- B
- Number of Buildings
- 1
- Floors
- 2
- Year Built
- 1900
- Construction Siding
- Concrete
- Construction Type
- Framed
- Submarket
- Greater New Orleans
- Property Status
- Existing
- County
- Orleans
- Created
- 2025-03-12
- Updated
- 2025-03-12
- Listing ID
- 9ae6dd31
- Parcel APN
- 105301104