Property Description

Great Investment Opportunity ? Cash-Flowing Duplex in the Heart of New Orleans! This shotgun double / duplex is in good condition and located in a desirable X flood zone of New Orleans. This property offers an excellent chance for both investors and owner-occupants to step into a ready-to-go rental opportunity. The left side of the duplex is tenant-occupied by a long-term renter on a month-to-month lease. This tenant benefits from Section 8 rental assistance, paying just $218/month, with Section 8 contributing $1,032/month, for a total of $1250 per month on that side, offering stable, guaranteed income. The right side was recently partially renovated, featuring an updated kitchen with modern appliances and a refreshed interior. This unit is also rented to a section 8 tenant, for $1250 per month, for a total of $2500 per month in rental income. Other highlights include: A new privacy fence enclosing a nicely manicured backyard, perfect for tenant enjoyment. Roof replaced approx. 4 years ago, offering peace of mind for years to come. Located in an X flood zone, which may help with insurance savings. Short walk to Jazz Fest and the Race Track. This duplex is a rare find in New Orleans with true cash flow potential from day one. Whether you're looking to live in one side and rent the other, or add to your investment portfolio, this is one you don't want to miss.

Property Features