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838 Chartres Street
New Orleans, LA 70116
Asking Price
$1.75M
Asset Type
Mixed-use
Class
Class B
What's Special
Mixed Use | 3,600 SqFt <ul><li>Prime mixed-use investment opportunity featuring four income-producing units at a historic French Quarter address</li><li>Three residential rental units and one commercial space offering diversified revenue streams</li><li>Currently 100% leased, with the leases being shorter in term</li><li>Built in 1828, one of six original row houses that make up Cucullu Row, the oldest intact row in New Orleans' historic Vieux Carre</li><li>Located one block from Jackson Square and Decatur Street
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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542
