Listing Courtesy of: Sarah Aucoin - CBTEC MAGAZINE
504-899-4040
$1,030,000
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1525 27 MELPOMENE Street New Orleans, LA 70130
Duplex
Residence
5
Beds
4
Baths
Sq. Ft.
0.09
Acre
Lot
Property Activity
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days
Days on Market
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Welcome to an extraordinary estate nestled amidst the enchanting beauty of the historic Garden District. Just steps from vibrant parade routes, charming streetcars, and the pulse of downtown nightlife, this income-producing gem offers an unparalleled fusion of elegance and opportunity. This majesti...c double, steeped in architectural brilliance, spans nearly 1,700 square feet on each side, exuding both charm and sophistication. Vaulted ceilings create an airy grandeur, while expansive bedrooms provide a serene retreat. Every corner of this property has been lovingly updated, boasting high-end appliances, modern conveniences, and a state-of-the-art security system complete with cameras for your peace of mind. Step outside to discover meticulously designed outdoor entertaining areas, perfect for hosting under the stars or enjoying quiet moments surrounded by lush greenery. With off-street parking for three vehicles, you'll enjoy both convenience and a touch of luxury. Imagine the freedom of owning mortgage-free, as this property’s proven short-term rental income potential soars. With $140,000 in rental income for 2022 and $160,000 for 2023, this estate is not just a home—it’s an investment in your future. Situated in coveted Flood Zone X, flood insurance is not required, offering yet another layer of security and ease. This is more than a residence; it’s an invitation to a lifestyle rich in culture, history, and prosperity. Don’t miss your chance to own a piece of New Orleans' magic. Your dream estate awaits!
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MLS#
2479423
Property Type
Duplex
Bedrooms
5
Bathrooms
2 Full/2 Half
Year Built
1920
Lot Size
0.09
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