Esplanade Ridge Historic Townhome Double | 1933 Esplanade Ave
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Esplanade Ridge Historic Townhome Double 1933 Esplanade Ave
2 Unit Apartment Building $842,434 CAD ($421,217 CAD/Unit) 7.10% Cap Rate New Orleans, LA 70116
Investment Highlights
- Pre Civil War Town House converted to a double in Historic District. Many original details. Heart of Pine floors High Ceilings lots of privacy.
- 12 foor ceilings protected Historic Neigborhood. Easily converted back to a single family.Built on an old natural levee in 1860.
- Shady tree lined street close to everything.I mile to French Quarter One mile to City Park and Bayou St John all walkable
- Solar power in lower unit. Leased
Executive Summary
Cash to new loan. Property will not be show unless potential buyers share formal pre approval letter or source of funds. Owner is Broker and can be contacted through a listed associate who arranges showings
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$67,507
|
$32.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,507
|
$32.15
|
| Taxes |
$4,219
|
$2.01
|
| Operating Expenses |
$3,474
|
$1.65
|
| Total Expenses |
$7,693
|
$3.66
|
| Net Operating Income |
$59,814
|
$28.48
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $67,507 |
| Annual Per SF | $32.15 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $67,507 |
| Annual Per SF | $32.15 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,219 |
| Annual Per SF | $2.01 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,474 |
| Annual Per SF | $1.65 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $7,693 |
| Annual Per SF | $3.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $59,814 |
| Annual Per SF | $28.48 |
Property Facts
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Security System
- Ceiling Fans
- Crown Molding
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Attic
- Basement
- Dining Room
- Family Room
- Garden
- Handrails
- Linen Closet
- Pantry
- Porch
- Smoke Free
Site Amenities
- Fenced Lot
- Laundry Facilities
- Guest Apartment
- Gas Range
- Vintage Building
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | $3,516 CAD | 1,400 |
| 1+1 | 1 | $2,110 CAD | 760 |
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Walk Score ®
Very Walkable (80)
Bike Score ®
Biker's Paradise (100)
zoning
| Zoning Code | HU-RDI (Historic Urban Two Unit Family ,District Future Land Use RLD-PRE. Residential Diversity Overlay District.Bed and Breakfast Interim Zoning,) |
| HU-RDI (Historic Urban Two Unit Family ,District Future Land Use RLD-PRE. Residential Diversity Overlay District.Bed and Breakfast Interim Zoning,) |
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Esplanade Ridge Historic Townhome Double | 1933 Esplanade Ave
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