United StatesLouisianaNew Orleans2000 HOPE Street

2000 HOPE Street
2000 HOPE Street New Orleans, Louisiana 70119 United States

$1,475,000
Residential Income for Sale at 2000 HOPE Street 2000 HOPE Street New Orleans, Louisiana 70119 United States30 BD28 BAResidential Income
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1. Residential Income for Sale at 2000 HOPE Street 2000 HOPE Street New Orleans, Louisiana 70119 United States
2. Residential Income for Sale at 2000 HOPE Street 2000 HOPE Street New Orleans, Louisiana 70119 United States
3. Residential Income for Sale at 2000 HOPE Street 2000 HOPE Street New Orleans, Louisiana 70119 United States
4. Residential Income for Sale at 2000 HOPE Street 2000 HOPE Street New Orleans, Louisiana 70119 United States
5. Residential Income for Sale at 2000 HOPE Street 2000 HOPE Street New Orleans, Louisiana 70119 United States
6. Residential Income for Sale at 2000 HOPE Street 2000 HOPE Street New Orleans, Louisiana 70119 United States
7. Residential Income for Sale at 2000 HOPE Street 2000 HOPE Street New Orleans, Louisiana 70119 United States
8. Residential Income for Sale at 2000 HOPE Street 2000 HOPE Street New Orleans, Louisiana 70119 United States
9. Residential Income for Sale at 2000 HOPE Street 2000 HOPE Street New Orleans, Louisiana 70119 United States
10. Residential Income for Sale at 2000 HOPE Street 2000 HOPE Street New Orleans, Louisiana 70119 United States
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Introducing the Hope & Allen Redevelopment Opportunity in New Orleans, LA. The property contains (13) doubles each with a 1 bed/1 bath unit on each side. There are (2) SFR buildings on the ends, one of them being 3 bed/1 bath and one of them...

Bridgewater Realty Advisors, LLC

Mason McCullough
Listing Courtesy ofBridgewater Realty Advisors, LLC
$1,475,000
Change Currency
30
Bedrooms
28
Full Baths
21,000 Sq Ft.
Interior
Exterior
Residential Income
Property type
2423169
Web Id
2423169
MLS ID
Orleans Parish
School District
17
days ago

About 2000 HOPE Street

Introducing the Hope & Allen Redevelopment Opportunity in New Orleans, LA. The property contains (13) doubles each with a 1 bed/1 bath unit on each side. There are (2) SFR buildings on the ends, one of them being 3 bed/1 bath and one of them being 1 bed/1 bath. Following renovation work, highest and best use calls for subsidzed housing, which call for $1,149/month for a one bedroom unit and $1,750/month for a 3 bedroom unit for a potential gross annual rent of $393,276.After stabilizing the property, the new buyer will be able to refinance and potentially pull all their cash out while maintaining a cash-flowing asset. The new assessed value should be significantly higher than the total loan amount from the construction loan used to take down the property. Rough terms for construction loan is 15-20% down, 10.5-11.5% interest rate, 12-18 months interest only payments. Current long term financing terms are sitting around 7.5-8% interest rate, 10 yr fixed, 30 year AM. Overall, 2000 Hope Street represents an extraordinary investment prospect. Reach out for more information.Actual addresses are 2000-2008 Hope St & 2601-2635 Allen St

Listing Courtesy of Bridgewater Realty Advisors, LLC,Data provided by NOMAR, inc

The information about the offer of compensation must be accompanied by a disclaimer stating that the offer is made only to participants of the MLS where the listing is filed.
Listing Courtesy ofBridgewater Realty Advisors, LLC

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Bridgewater Realty Advisors, LLC

Mason McCullough
Listing Courtesy ofBridgewater Realty Advisors, LLC

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