2832 Pauger St

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2832 Pauger St

New Orleans, LA 70119
Asking Price
$1.11M
Cap Rate
12.07%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Twelve-unit apartment building offered for sale in New Orleans.
  • Pauger Street address falls within the 70119 ZIP code.
  • Asking price for the multifamily asset is $1,110,000.
  • The listing quotes a cap rate of 12.07%.
  • Seller financing is available for the proposed acquisition.
  • Described in the listing as stable, with upside potential.

What's Special

A 12-unit multifamily apartment building at 2832 Pauger St in New Orleans, LA 70119 is offered for sale at $1,110,000. The listing presents the property as a stable investment with upside potential and quotes a 12.07% cap rate. Seller financing is available, adding a financing option for buyers evaluating the acquisition. The 12-unit scale may suit an investor entering apartment ownership or an existing operator expanding a multifamily portfolio. New Orleans provides an established urban setting with an economy shaped by tourism, healthcare, education, and port activity. Within that broader market, the property presents a residential rental investment rather than an owner-occupied commercial use. Buyers can evaluate a continued rental-hold strategy alongside the upside potential identified in the listing. Review of operating records, lease terms, and property condition would help assess the stated cap rate, while discussion with the seller can establish the structure and terms of financing.

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NOI
$80,000
Cap Rate
7.21%
DSCR
1.21
Tight
Cash-on-Cash
4.23%
Monthly Payment
$5,491.674
Annual Cash Flow
$14,099.908

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