Property
| Ownership: | For Sale |
|---|---|
| Bedrooms: | 14 BR |
| Bathrooms: | 12 |
| Area: | 8759 sq ft |
| Lot Size: | 0.20 Acres |
Financials
Price:$2,600,000
Listing Courtesy of Miller & Desatnik Realty Co.
1906 S Shenandoah St 14BR La
Description
Prime Palms/Mid-City 10-Unit Investment! Well-maintained building with (6) one-bedrooms and (4) two-bedrooms, several with private balconies. Quiet residential setting backing to single-family homes with low through-traffic. Strong in-place income with a 5.54% CAP Rate and 11.14 GRM; attractive pricing at $260k/unit (~$307/SF). Below-market rents offer significant mark-to-market upside across all unit types. Rare value-add opportunity in a high-demand rental submarket.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
