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3135 Dauphine St. 3135 Dauphine Street, New Orleans, LA 70117
Garden/Low Rise
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
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27 one bedroom, one bath units
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Twenty-Six off-street parking spaces
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Condominium regime has been created and units can be converted at purchaser’s option
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Assumable loan:
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$1,678,625 loan balance ● 5.15% rate ● $122,201 ADS ● Due March 2029
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Proforma indicates:
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$241,901 NOI ● 8.06% CAP Rate ● 9.06% cash on cash ● 1.98 DCR
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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: 15054
Number Units: 27
Number Buildings: 3
Year Built: 1972
Year Renovation: 2014
Number Parking Spaces: 26
Cap Rate: 8.06
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: $241,901 NOI ● 8.06% CAP Rate ● 9.06% cash on cash ● 1.98 DCR
Average Monthly Rent - Building A units: 1029
Average Monthly Rent - Building B units: 1050
Average Monthly Rent - Building C unit: 1275
Cash On Cash: 9.79
D Loan Description: Assumable non-recourse loan.
Cash Flow Type: Proposed
D Principal: 1678625
Cf Op Expenses: 149150
Cf Pre Tax: 93493
Cf Effective Gross: 361422
Cf Debt Service: 122201
D Amortization: 30
D Debt Service: 122201
D Due: March 2029
D Interest Rate: 5.15
Cf Sched Income: 372600
Cf Net Op Income: 241901
Debt Type: Actual
Cf Vacancy: 3