About 423 Murat Street
Ability to add value with cosmetic renovations while also taking over a strong rent roll. 423 S. Murat Street is fully occupied 4-unit multifamily property located one block off Banks Street in Mid City neighborhood of New Orleans. The building contains four (4) total units - which are all 2 bedroom 1 bathroom and 816 square foot each. The total building size is 3,264 square feet and has 2 stories. The property is located in a rapidly growing area of New Orleans and is in high demand from tenants and owners alike. This presents a great opportunity for a purchaser to owner occupy one unit and use the remaining rental income to offset expenses or purchase as a pure investment vehicle.
Features of 423 Murat Street
| MLS® # | 2523228 |
|---|---|
| Price | $435,000 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 3,264 |
| Acres | 0.00 |
| Year Built | 1970 |
| Type | Multi-Family |
| Sub-Type | Other, Quadruplex |
| Status | Active |
Community Information
| Address | 423 Murat Street |
|---|---|
| City | New Orleans |
| County | Orleans |
| State | Louisiana |
| Zip Code | 70119 |
Amenities
| Parking | Off Street, Parking Lot |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central |
|---|---|
| Cooling | CentralAir |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Brick Veneer, Frame |
|---|---|
| Lot Description | City Lot, Rectangular Lot |
| Roof | Shingle |
| Construction | Brick Veneer, Frame |
| Foundation | Slab |
Additional Information
| Days on Market | 42 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
| Listing Provided By | Bridgewater Realty Advisors, LLC |