Property Description

Well maintained brick duplex in an ideal Chalmette location. This turnkey investment offers 850 sq ft of comfortable living space for each 2 bed/ 1 bath unit. Originally built in 1973, the property feature updated tile flooring, ceiling fans, eat-in kitchens with abundant wood cabinetry and generous counter space and updated bathrooms. Each unit has its own entrance, private yard space, and dedicated parking - ideal for an owner-occupant or investor alike. The property is fully occupied with long-term tenants in place, generating $2,250/month in current total rent - already competitive with the market, with room to grow toward top-of-market rents at turnover. That means immediate cash flow from day one, with upside built in. Best of all, Chalmette falls within a USDA Rural Development eligible area, meaning a qualified owner-occupant buyer may purchase with 100% financing and no down payment - a rare chance to live in one side while your tenant's rent helps cover the mortgage on the other. House-hacking has never looked this good!

Property Features