Property Description

Bank owned property to be sold as-is, where-is. Three (3) plex available in a well-established neighborhood with close proximity to Tulane and Loyola. Units are all spacious. The bottom floor is vacant and is a 2 bedroom, 1 bath. The top 2 floors are 3 bedroom, 1 bath and are occupied. New HVAC's installed. Current gross income is $2,331/month. Property is located in an AE Flood Zone. Property is eligible for State Historic Tax Credits, allowing 25% of qualified renovation costs recoupable. A new property management company has been assigned and are currently in the process of cleaning up, making repairs, and actively marketing the vacant unit. PM can transfer services to new owner. All leases are month to month but long-term leases could be put in place. Healthy Home applications have been applied for. Minimal 24 hour notice must be given with showings. Please send offer and pre-approval letter with request for showing of occupied units. All measurements and information deemed reliable but not guaranteed and should be verified by buyer. No disclosures available as this is a bank owned property.

Property Features