Property Description

Income - Producing Fourplex - Investor Opportunity This four-unit multi-family property offers strong rental potent in Greater New Orleans market. The property contains approximately 5,800 total square feet, with spacious units that appeal to long term tenants. The two larger units offer 1,500 square feet each, and currently for $1,450, while the other two units' range from 1,300-1,350 square feet and rent for $1,150. The property currently has three occupied units and one vacant unit, allowing buyers to view a unit while still benefiting from existing rental income. Current rental structure produces approximately $5,200 per month ($62,000 annually) when fully occupied. Bulit in 1968, this property has established tenants and steady rental demand in the area. Tenants are currently month-to-month, offering flexibility for investors to adjust rents or reposition the property. Recently" RELAUNCH" with refresh pricing to attracts serios investor interest.

Property Features