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3300 Garden Oaks Dr
New Orleans, LA 70114 Behrman

$7,110,000 USD

Apartments For Sale  •  93,016 SF

Property Details

  • Property Type Apartments
  • Total Building Size 84,712 SF
  • Lot Size 3.75 AC
  • Building Class C
  • Year Built 1989
  • Zoning S-RM1
33 Transit Score
64 Walk Score

Highlights

Market rate asset with meaningful operations upside
LIHTC conversion opportunity allows for major rehab
Rent transparency between market rate and LIHTC allows for multiple ownership executions
Market driven yield expectations allow for attractive leveraged returns during hold period
Attractive IRR for investor completing repositioning of the asset

Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Courtyard
  • Dishwasher
  • Disposal
  • Picnic Area
  • Playground
  • Washer/Dryer Hookup
  • Gated
  • Grill
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Walk-In Closets
  • Maintenance on site
  • Double Pane Windows

Public Transportation

Commuter RailDriveWalkDistance
New Orleans Union Passenger Terminal (City of New Orleans - Amtrak, Crescent - Amtrak, Sunset Limited - Amtrak) 8 min - 4.5 mi
AirportDriveWalkDistance
Louis Armstrong New Orleans International 27 min - 18.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 200
Type: Surface
Included in Rent: Yes
Chris Gremillion 225-952-1255 CBRE
Chris Gremillion 225-952-1255 CBRE