721-723 Valmont Street | for Sale

721-723 Valmont Street | for sale

8 1 0 u n i o n S T R E E T , N E W O R L E A N S , L A 7 0 1 1 2 5 0 4 - 2 7 4 - 2 7 0 1 | M C E N E R Y C O . C O M four plex | for sale

8 1 0 u n i o n S T R E E T , N E W O R L E A N S , L A 7 0 1 1 2 5 0 4 - 2 7 4 - 2 7 0 1 | M C E N E R Y C O . C O M investment property | for sale

8 1 0 u n i o n S T R E E T , N E W O R L E A N S , L A 7 0 1 1 2 5 0 4 - 2 7 4 - 2 7 0 1 | M C E N E R Y C O . C O M the overview Address: 721-723 Valmont Street, New Orleans, Louisiana 70115 (Between Constance & Laurel)

Property Overview: Renovated Uptown 4 PLEX that runs full. $90,000 per year in gross rent. Excellent tenants, low management, beautiful building with double-sided driveways connecting to rear yard. Post WW2 construction built on a 24” slab and built with second generation tradesman. Amazing structure and very well maintained by current ownership. Excellent Uptown New Orleans rental investment, with excellent configuration for a potential homestead exemption accessory short term rental licensing on 3 AirBnB units. Gross rent projections based on nominal market rent aligned adjustments to the units. All leases less than 12 months of remaining lease term.

Price: $1,090,000 - $244.45 per SF or $272,500 per unit

Contact: Please contact Jonathan Maki with McEnery Residential at 504.982.1115 or Parke McEnery at 504.236.9542. Expenses and rent roll available upon request.

jonathan maki S. Parkerson McEnery O: 504.605.4400 D: 504.274.2664 C: 504.982.1115 C: 504.236.9542 email: [email protected] email: [email protected]

The information contained herein has been obtained from sources that we deem reliable. No representation or warranty is made as to the accuracy thereof, and 4 9 0 1 M A G A Z I N E S T R E E T , N E W O R L E A N S , L A 7 0 1 1 5 it is submitted subject to errors, omissions, change of price, or other condition5s, 0or4 w2ith7d4raw-a2l w7it0ho1u t| n oMticeC. LiEcenNsedE iRn LYouCisiaOna.. C O M for satlhe e| KCEAYL LF AFCOTRS OFFERS

LOT DIMENSIONS: 44.5' x 104.5' x 44.5' x 108' LOT SIZE: 4,807 SF ZONING: HU-RD2, HISTORIC URBAN 2-FAMILY RESIDENTIAL DISTRICT GROSS BUILDING AREA: 4,459 SF NUMBER OF STORIES: 3 STORIES GROSS RENT: $90,000 PER ANNUM

UNIT MIX: 721 6 ROOMS; 3 BEDROOM, 2 BATH = 1,580 SF 721 A 3 ROOMS; 1 BEDROOM, 1 BATH = 649 SF 723 6 ROOMS; 3 BEDROOM, 2 BATH = 1,580 SF 723 A 3 ROOMS; 1 BEDROOM, 1 BATH = 650 SF

The information contained herein has been obtained from sources that we deem reliable. No representation or warranty is made as to the accuracy t hereof, and it is submitted subject to errors, omissions, change of price, or other conditions, or withdrawal without notice. Licensed in Louisiana.

881100 uunniioonn SSTTRREEEETT,, NNEEWW OORRLLEEAANNSS,, LLAA 7700111122 550044--227744--22770011 || MMCCEENNEERRYYCCOO..CCOOMM 4499001 1M MAAGGAAZZI NI NE ES STTRRE E TE T, ,N NE WE W O ORRL EL AE ANNSS, ,L AL A 7 07 01 1151 5 INTERIOR PHOTOS

8 1 0 u n i o n S T R E E T , N E W O R L E A N S , L A 7 0 1 1 2 5 0 4 - 2 7 4 - 2 7 0 1 | M C E N E R Y C O . C O M 4 9 0 1 M A G A Z I N E S T R E E T , N E W O R L E A N S , L A 7 0 1 1 5 INTERIOR PHOTOS

8 1 0 u n i o n S T R E E T , N E W O R L E A N S , L A 7 0 1 1 2 5 0 4 - 2 7 4 - 2 7 0 1 | M C E N E R Y C O . C O M 4 9 0 1 M A G A Z I N E S T R E E T , N E W O R L E A N S , L A 7 0 1 1 5 backyard and patio

8 1 0 u n i o n S T R E E T , N E W O R L E A N S , L A 7 0 1 1 2 5 0 4 - 2 7 4 - 2 7 0 1 | M C E N E R Y C O . C O M 4 9 0 1 M A G A Z I N E S T R E E T , N E W O R L E A N S , L A 7 0 1 1 5 side driveway

8 1 0 u n i o n S T R E E T , N E W O R L E A N S , L A 7 0 1 1 2 5 0 4 - 2 7 4 - 2 7 0 1 | M C E N E R Y C O . C O M 4 9 0 1 M A G A Z I N E S T R E E T , N E W O R L E A N S , L A 7 0 1 1 5 Points of Interest Map

1 WHOLE FOODS 2 NEW ORLEANS LAWN TENNIS CLUB 5 6 3 WINN-DIXIE MAGAZINE STREET 4 WALGREENS 1 4 7 12 5 PINKBERRY 13 6 ST. JOE'S BAR 14 7 PJ'S COFFEE 2 8 TOAST ON LAUREL 8 9 DOMILISE'S PO-BOY'S 10 ORANGE THEORY FITNESS 11 FRANKIE & JONNY'S 9 11 12 GUY'S PO-BOYS 15 13 NEW ORLEANS ACADEMY OF FINE ARTS TCHOUPITOULAS STREET 14 ST. KATHERINE DREXEL PREP SCHOOL 3 10 15 HANCOCK WHITNEY BANK

5 WASHINGTON SQUARE 10 8 1 0 u n i o n S T R E E T , N E W O R L E A N S , L A 7 0 1 1 2 5 0 4 - 2 7 4 - 2 7 0 1 | M C E N E R Y C O . C O M