About 1431 Baronne Street
Available as a portfolio sale, 1431 Baronne Street, et al, offers a total of fifteen fully leased residential units, two leased commercial units, and one currently vacant (shell condition) unit, all along the rapidly improving Baronne Street corridor. The site includes two of the corners at the signalized intersection of Baronne Street and MLK Blvd. Most tenants are on month-to-month leases, allowing for easy renovation and re-leasing. 1432 Baronne Street includes 10 residential units and a commercial unit leased to a dog groomer. 1431 Baronne Street includes 4 residential units, a large commercial space on the ground floor leased to a corner store, and a currently vacant former commercial unit on the ground floor that is currently being used as storage. 1429 Baronne Street is a 3-bedroom single-family house that is leased to a short-term rental operator with a commercial license in place. The offering provides strong day-one returns along with a value-added opportunity to increase rents by performing basic renovations and improvements. Full rent roll and additional photos/information are available upon request.
Features of 1431 Baronne Street
| MLS® # | 2411219 |
|---|---|
| Price | $3,900,000 |
| Bathrooms | 0.00 |
| Square Footage | 20,488 |
| Year Built | 1923 |
| Type | Commercial Sale |
| Sub-Type | Historic/Antique |
| Status | Active |
Community Information
| Address | 1431 Baronne Street |
|---|---|
| City | New Orleans |
| County | Orleans |
| State | Louisiana |
| Zip Code | 70113 |
Amenities
| Parking | None |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Exterior | Wood Siding |
|---|---|
| Lot Description | Corner Lot, City Lot, Oversized Lot |
| Construction | Wood Siding |
Additional Information
| Days on Market | 392 |
|---|---|
| Zoning | MU-2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Aaron J Kazanoff |
|---|---|
| Office | Ben & Burka |