7101-7105 MAPLE Street, New Orleans, LA 70118 (MLS# NO2552019)

Remarks & Misc

Remarks

<p style="color:green"> Initial offering of a newly-renovated, fully-furnished, 100% leased, attractive and extremely well-positioned, turn key investment property in immediate proximity to both the Freret Street corridor and the core of Tulane University's campus. This 3plex has been meticulously renovated, with work being completed just last year. Each unit has tenants vetted to meticulous standards that pay on time and in full. Lease lengths are all 12 months (as opposed to the 9 month lease length you'll frequently find with student housing). All 3 units have significant outdoor space, especially the endcap units, for grilling and spending time in the sunshine, along with assigned parking and mature landscaping. <p style="color:red"> Interior photos to be added to MLS following the spring exam period. <p style="color:purple"> Property is located in flood zone x, with an assumable flood policy (and a modest premium). Zero deferred maintenance. A line of the future masters of the universe around the block looking for a luxury, low-touch lease arrangement. Asking 5% cap rate for such an appealing and stable long term investment. First showings will be conducted on May 15th (following the spring exam period).

Office/Member/Contract Info

List AOR

NOMAR

Construction

Brick

Yes

Other

Yes

Foundation

Slab

Yes

Exterior

Balcony

Yes

Roof

Metal

Yes

Heating

Central

Yes

Cooling

Central Air

Yes

Lot

Corner

Yes

Tenant Pays

Electric

Yes

Gas

Yes

Water

Yes

Property Features