1932 Di Carlo St

Three leased rental homes on a highway-to-river tract in Chalmette, producing about $40,600 a year in scheduled gross rent. The rentals are a 3BR/2BA, a 2BR/1BA, and a 1BR/1BA, including a home near the levee renovated in recent years [identify unit]. Two more buildings are gutted shells with newer roofs and windows, ready to be renovated into additional rentals or removed.

Beyond the rentals, the legal description puts the property at ±4.58 acres, including a ±3.43-acre batture tract on the Mississippi River. That gives a buyer long-term land value behind the income. Parish GIS shows the area zoned for industrial use, with I-1 Light Industrial and I-2 Heavy Industrial districts on and around the site. The site is a short drive from Chalmette Refining and the Louisiana International Terminal site in Violet.

The batture lies on the river side of the levee, in flood zone AE, and is subject to the levee servitude. Any use or improvement there requires levee district and U.S. Army Corps of Engineers approval.

The adjoining 1800 E St Bernard Hwy is also for sale by a different owner. The two can be bought separately or together, under separate purchase agreements.

Do not disturb tenants. Rent roll available on request. Unit square footage and acreage figures differ across sources. Buyer to verify zoning and the status of the residential use, permitted uses, acreage and survey, batture title and servitudes, leases, flood zone, and title.

•       Industrially zoned, highway to river

•       1,500'+ deep, including batture

•       Upland outside the SFHA (X500)

•       City water and sewer, gas, and Entergy at the site

•       Can be bought with the adjoining 1932 DiCarlo Dr

•       Short drive to Chalmette Refining and the LIT site