This 2-story multifamily quadraplex in New Orleans, LA, is a compelling investment opportunity for those with a keen eye for real estate potential. Situated in a prime location and boasting spacious units with unique character, this property offers a blank canvas for buyers to transform it into a standout asset in the city's vibrant market. Potential investors should take note of the property's updated condition. The provided photos offer a glimpse into the property's true protential and style, with all units sharing similar attributes. Inquiries into this exciting investment opportunity are encouraged, as seizing this chance to be part of New Orleans' magic could lead to a rewarding venture for those willing to take on the challenge. Come and see for yourself how the bamboo flooring and fresh paint creates a clean an vibrant enviroment. The exterior was upgraded to stucco and the balconies have been re-done along with a brand new roof. Tenants are already nestled within this property with annual leases that are up for renewal in March 2025. All information is estimated and buyers have to verify all data during their due diligence period. Room measurements are approximate and may vary slightly in each individual unit.
Investment opportunity! Each side is a two bedroom, one bath. Driveway to rear yard and garage. Shared yard. Each side is currently rented.
Don't miss out on this exceptional investment opportunity: 4-plex that includes two well-maintained doubles on one parcel, which were fully gutted and rebuilt in 2007. New roofs were installed three years ago. Just a short walk to UNO! Both doubles include all-electric appliances, central air and heat, and ceramic tile flooring throughout. With separate laundry rooms in each unit, parking for one vehicle behind each rear unit, ample street parking for the front units, and a common driveway.
Great Lakefront location! Coveted X flood zone! Walk to the lake, UNO & Ben Franklin High School. Near City Park, minutes from downtown. This multifamily home was completely remodeled in 2006 with all new electrical wiring, new fixtures, all new plumbing from the street to house, asbestos abatement, all new siding reinforced with plywood and insulated, blinds and ceiling fans throughout, new fence, new poured concrete driveway and sidewalk and shored by Cable Lock in 2018. The city repaired drainage and sewerage, raised the street and curbs in 2018. Raised a/c units. Home treated for termites every year by Edgewood Exterminators. Spacious duplex ideal for owner occupant or investors. Huge lower unit boasts 3 bdrm 2 full baths, large, carpeted Living room dining room, utility room with washer/dryer hook ups, office nook, large eat in kitchen, electric range, microwave, new dishwasher, refrigerator, with side door leading to huge backyard. Primary bdrm with full bath, freshly remodeled. Upstairs unit has 2bdrm 1 full bath with fully equipped kitchen. 2-car driveway, off street parking turn-key ready to move-in!
Looking for an investment property in the heart of Gentilly? Located a block from Filmore and two blocks from Elysian Fields with UNO down the street, this multifamily property should be your next deal and will stay occupied. Located in a low plain flood zone, completely occupied, this will give you cash flow immediately. Why not enjoy passive income? Seller requires all showings to be prequalified to not inconvenience the tenants.
The median home value in New Orleans, LA is $186,000. This is higher than the county median home value of $177,700. The national median home value is $219,700. The average price of homes sold in New Orleans, LA is $186,000. Approximately 38.04% of New Orleans homes are owned, compared to 42.79% rented, while 19.17% are vacant. New Orleans real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a New Orleans real estate agent to arrange a tour today!
New Orleans, Louisiana 70122 has a population of 388,182. New Orleans 70122 is less family-centric than the surrounding county with 18.89% of the households containing married families with children. The county average for households married with children is 20.48%.
The median household income in New Orleans, Louisiana 70122 is $38,721. The median household income for the surrounding county is $38,721 compared to the national median of $57,652. The median age of people living in New Orleans 70122 is 35.9 years.
The average high temperature in July is 91.8 degrees, with an average low temperature in January of 44.9 degrees. The average rainfall is approximately 62.8 inches per year, with 0 inches of snow per year.