2638 New Orleans Street, New Orleans, LA 70119

$350,000
  • 2638 New Orleans Street, New Orleans, LA 70119 Main Photo

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Active
MLS#2516807
STATUSActive PROPERTY TYPECommercial - Business

Property Description

One property, four income streams, endless opportunity. Prime investment opportunity Located in the 7th w/d featuring both income-producing and value-add potential. Liquor License. The ground floor commercial space is currently operating as a bar with rental income of $1,600/month, with market potential up to $2,500/month. This versatile space includes two bathrooms and a full kitchen, easy conversion into a restaurant or other food/beverage concept. Upstairs, you'll find two 2-bedroom, 1-bath units?both in need of renovation?each with a projected rental income of $1,375/month after updates. Additionally, the property includes a separate 1-bedroom studio unit in a stand-alone house, potential rent $1,000/month -need renovations. With multiple income streams and opportunities to increase rental rates, this property is investors looking to maximize returns in a sought-after location.

2638 New Orleans Street | MLS# 2516807

This commercial property located at 2638 New Orleans Street, New Orleans, LA 70119 is currently listed for sale with an asking price of $350,000. Search New Orleans real estate on www.wurthre.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 0.07 Acres
Stories: 2.0

Feature Descriptions

Days on Site: 214
Exterior: Stucco, Wood Siding
Lot: City Lot, Rectangular Lot
Lot Dimensions: 110x 35
Parking: None
Sewer: Public Sewer
Water: Public

Listed By / Shown By

Listed By

Agency Name: Gulf Meridian Realty 
Agency Phone: (985) 400-5739

Shown By

Agency Title: Wurth Real Estate Services
Agency Phone: (866) 961-4414

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