Property Description

Turnkey income-producing duplex on a rare 6,900+ sq ft lot in the heart of Broadmoor/Fontainebleau generating approximately $4,000/month with below-market leases expiring June/July 2026, offering immediate rent upside. Comprehensive capital improvements completed in 2022: foundation raised (resulting in significantly reduced flood insurance costs), full renovation of both units, and new central AC. Brand new roof installed January 2026. This property has no major capital expenses on the horizon. The upper unit features 2 bedrooms, 1 bath, designer Taj Mahal quartzite countertops, and original hardwood floors. The lower unit offers 2 bedrooms, 1 bath with a spacious, functional non-shotgun layout ? rare in this market ? with generous living and dining areas. Situated on an oversized 40x150 lot with two separate driveways, a large private backyard with an orange tree, shed, and room for gardening or future improvements. ADU potential ? buyer to verify zoning. Previously licensed and operating as a high-performing short-term rental. Great for an owner-occupant looking to offset their mortgage, a long-term investor with immediate value-add upside, or an STR investor ? walkable to Tulane, Loyola, Audubon Park, the St. Charles streetcar, Freret Street, and Magazine Street. At current market rents, this property cash flows positively even at today's interest rates. Buyer to verify all measurements, income, zoning, and permitted uses.

Property Features