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2808-14 PHILIP Street, New Orleans, LA 70113

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For Sale

$938,000

6,052 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $154.99
    Price per square foot

Explore this Property

2808 2814 Philip Street in New Orleans includes two adjacent newly constructed residential buildings. The buildings encompass approximately 6,052 sf and are set up for shared housing/co-living. The property contains 18 bedroom-style units, eight units contain en-suite baths and ten units have shared baths (12 total baths). The property is divided into four flats there are four kitchens and living areas shared by residents. The property is fully occupied and has averaged approximately 98% occupancy over the trailing 12 month period. The average rental rate is $776/month per bedroom. 2808-2814 Philip Street provides naturally occurring affordable housing rents are affordable to those earning less than 50% of the Area Median Income (AMI) and there are no subsidies or use restrictions on the property. The property will be sold furnished. The property is operated via a pass-through lease agreement with PadSplit. PadSplit provides affordable housing through shared house rentals and operates the leading affordable shared housing online platform in the United States. The PadSplit lease agreement is assignable to the new owner. The property is strategically located in the Central City neighborhood of New Orleans it is one block from Claiborne Avenue and less than one mile from the Superdome and Central Business District.
MLS# 2508697

Courtesy Of McEnery Residential, LLC

(504) 274-2701

Property Features

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Map and Directions

Directions to 2808-14 PHILIP Street, New Orleans, LA 70113

Home seller CENTURY 21 Action Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Action Realty

(504) 456-8821
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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