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MULTI-FAMILY/POSSIBLE ASSISTED LIVING FACILIT 4623 Laine Ave

12 Unit Apartment Building $531,551 CAD ($44,296 CAD/Unit) New Orleans, LA 70126

Executive Summary

Quiet & Private Boarding House with Versatile Potential Discover a unique opportunity with this 12-bedroom boarding house, offering a serene and private environment. This property features: 12 bedrooms in two residence halls, one on each level Two kitchens (one large, one small) Several common areas for relaxation & activities; A charming Screen room, and 2 large Multi-Activity Rooms, for dining, assembly, living, game room, classroom/office, etc An enclosed yard (garden) Ample parking on a large lot All rooms are typically occupied, generating a steady income. This property is well suited for those looking to: Continue the current boarding house operation, Improve/update the facilities for new uses such as a Bed & Breakfast, Home Care Facility, Assisted Living, Day Care, Place of Worship, and/or many other possibilities. The property is Zoned SRD, offering flexibility for various potential uses. Room measurements only estimations. 1 or 2 rooms likely available for Showing Time viewings (July/Aug 2024).

Property Facts Under Contract

Price $531,551 CAD
Price Per Unit $44,296 CAD
Sale Type Investment
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.42 AC
Building Size 6,400 SF
No. Stories 2
Year Built 1954

Unit Amenities

  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer

Site Amenities

  • Courtyard
  • Fenced Lot
  • Walking/Biking Trails

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3-9W-9-061-10
Land Assessment
$3,962 CAD
Improvements Assessment
$53,660 CAD
Total Assessment
$57,623 CAD

zoning

Zoning Code S-RD (SUBURBAN TWO-FAMILY RESIDENTIAL DISTRICT)
S-RD (SUBURBAN TWO-FAMILY RESIDENTIAL DISTRICT)
  • Listing ID: 32629638

  • Date on Market: 2024-07-30

  • Last Updated:

  • Address: 4623 Laine Ave, New Orleans, LA 70126

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