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3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117
3135 Dauphine Street, New Orleans, LA 70117

3135 Dauphine St. 3135 Dauphine Street, New Orleans, LA 70117

Availability: for sale
Property Type: Multi-Family
Garden/Low Rise
Year Built: 1972
Building Size: 15,054 SF
Land Size: 26572  SF
Price: $2,850,000
Price per SF: $189.32
NOI: $239,918
Cap Rate: 8.13%
Zoning: HMR-1
PROPERTY FLYER PROPERTY FLYER PROPERTY FLYER PROPERTY FLYER PROPERTY FLYER PROPERTY FLYER PROPERTY FLYER PROPERTY FLYER PROPERTY FLYER PROPERTY FLYER 3135 Dauphine video overview
Doug Bernard, CCIM
Doug Bernard, CCIM dougbernard@remax.net (985) 626-1561

Area Description

The Bywater Historic District is an urban area of approximately 120 blocks and over two thousand buildings.  Learn more here:

 https://www.nola.gov/nola/media/HDLC/Historic%20Districts/Bywater.pdf

Highlights

  • 27 one bedroom, one bath units

  • Twenty-Six off-street parking spaces

  • Condominium regime has been created and units can be converted at purchaser’s option

  • Assumable loan:

    • $1,678,625 loan balance  ●  5.15% rate   ●  $122,201 ADS  ● Due March 2029

  • Proforma indicates:

    • $239,918 NOI  ● 8.42% CAP Rate 

Full Address: 3135 Dauphine Street, New Orleans, LA 70117

Listing Type: FOR SALE

Status: Active

Occupancy Rate: 96%

Zoning: HMR-1

Region: S-SW 

County: Orleans Parish

Use Type: Multi-Family

Property ID: 4046102

Building Sf: 15,054

Number Units: 27

Number Buildings: 3

Year Built: 1972

Year Renovation: 2014

Number Parking Spaces: 26

Cap Rate: 8.13%

Features

  • 27 one bedroom, one bath units

  • Twenty-Six off-street parking spaces

  • Condominium regime has been created and units can be converted at purchaser’s option

  • Assumable loan:

    • $1,678,625 loan balance  ●  5.15% rate   ●  $122,201 ADS  ● Due March 2029

  • Proforma indicates:

    • $239,918 NOI  ● 8.42% CAP Rate 

Mixes

Average Monthly Rent - Building A units: 1029

Average Monthly Rent - Building B units: 1050

Average Monthly Rent - Building C unit: 1275

D Loan Description: Assumable non-recourse loan.

Cash Flow Type: Proposed

D Principal: $1,678,625

Cf Op Expenses: $134,887

Pre Tax Cash Flow: $117,717

Cf Effective Gross: $362,805

Cf Debt Service: $122,201

D Amortization: $30

D Debt Service: $122,201

D Due: March 2029

D Interest Rate: $5

Scheduled Income: $374,805

NOI: $239,918

Debt Type: Actual

Cf Vacancy: $3

Unit-by-unit square feet B1 - B6 footprint B7 - B12 footprint A8 - A14 footprint parking layout A1 - A7 footprint Survey C Unit Rent Roll Proforma
3135 Dauphine video overview

3135 Dauphine video overview

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