Property Description

This well-maintained 8-unit building is a fantastic investment opportunity, ideally located just a block from the vibrant Bayou St. John, home to the annual Bayou Boogaloo festival, and only a few blocks from the expansive City Park. The property boasts a highly desirable neighborhood, offering tenants easy access to local attractions, parks, and a thriving community. After Hurricane Ida, the building underwent extensive updates, including a brand-new roof and complete exterior repainting. Additionally, four units three upstairs and one downstairs were renovated, bringing modern touches and increased value. Currently, the building is fully occupied, with the exception of one unit being held by the owner, offering a steady projected rental income of $6650.00 per month. This property is great for investors looking to own in a prime New Orleans location with immediate cash flow potential. Don't miss out on the chance to acquire this income-generating building in one of the city's most sought after neighborhoods! Rents are PROJECTED for 104, 201 and 204 which are VACANT or the owners unit.

Property Features