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$ 535,000
Est. payment /mo
Price Dropped by $15K
3215 DRYADES ST New Orleans, LA 70115
2,700 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $198
MLS Listing ID 2542891
HOA Y/N No
Year Built 2000
Lot Size 4,800 Sqft
Acres 0.1102
Property Description
SELLER FINANCING - interest rate negotiable. Bridgewater Realty Advisors is pleased to present 3215 Dryades Street, a well-maintained six-unit multifamily property located in the desirable Central City neighborhood of New Orleans. The asset consists of six (6) one-bedroom, one-bathroom units, each offering a thoughtful blend of modern conveniences and comfortable, functional living space.
This property is ideally suited for investors seeking a true turnkey multifamily opportunity. The asset has historically maintained strong occupancy and offers upside potential through future rental rate growth, making it a compelling addition to a long-term investment portfolio.
Situated in a highly sought-after Central City submarket, the property provides stable cash flow and long-term security, with the added benefit of being acquired below replacement cost. Further enhancing its appeal, the offering includes attractive seller financing with 20% down, a 30-year amortization, a 3–5 year balloon, and a negotiable interest rate, positioning this investment as both resilient and flexible for qualified buyers.
The information provided herein has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy or completeness of the information.
This property is ideally suited for investors seeking a true turnkey multifamily opportunity. The asset has historically maintained strong occupancy and offers upside potential through future rental rate growth, making it a compelling addition to a long-term investment portfolio.
Situated in a highly sought-after Central City submarket, the property provides stable cash flow and long-term security, with the added benefit of being acquired below replacement cost. Further enhancing its appeal, the offering includes attractive seller financing with 20% down, a 30-year amortization, a 3–5 year balloon, and a negotiable interest rate, positioning this investment as both resilient and flexible for qualified buyers.
The information provided herein has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy or completeness of the information.
Location
State LA
County Orleans
Zoning Res
Interior
Fireplace No
Exterior
Parking Features Driveway, Off Street, Parking Lot
Water Access Desc Public
Building
Lot Description City Lot, Rectangular Lot
Dwelling Type Mixed Use,Other
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 412202904
Special Listing Condition None
Listed by Bridgewater Realty Advisors, LLC
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