Property Description

Fully Rented Income Producing Fourplex in Exceptional Fairgrounds/Bayou St. John Location! Unbelievable location for Jazz Fest, 'a stone's throw from the iconic Fairgrounds. This historic raised-basement style 4plex is rich with charm and character and is fully occupied/rented with long term tenants in all four units with total current rent of $5,700 per month. Three of the units are on month-to-month leases. Each unit features: living area/den, 2 bedrooms (shotgun style), 1 bath, large kitchen, & laundry. Top right & bottom right units both renovated in 2022 w/ central HVAC in top unit and split units in bottom unit!! Coveted X flood zone. Separate electric & gas meters, 1 water meter. The owners have taken great care of the building with great attention to timely upgrades and ongoing maintenance including a brand new roof and updated electrical system. There is a possibility of putting down a grate over existing curb cut to allow parking for a smaller type vehicle, buyer to verify. EXCELLENT OPPORTUNITY!!

Property Features