27 Total Photos [Click to View All]
LOWER GARDEN DISTRICT GREEK REVIVAL ? FULLY LEASED, HIGH-INCOME SHOWSTOPPER, 9.7% gross ROI. Effortlessly elegant, this beautiful property delivers both charm and CASH FLOW. Featuring 11 bedrooms, 4 full baths, and 4 half baths, the residence is thoughtfully configured into four spacious, townhome-style units?each offering 1,229 sq ft of well-designed living space and generating a STRONG $7900/MO in income. Rich with timeless New Orleans character, including hardwood floors, original brick fireplaces & mantels. Each unit lives like a private home, with a highly desirable layout: kitchen, living area, main-level bedroom, and half bath downstairs, plus two large, independent bedrooms, full bath, and in-unit laundry?NO WALK THRU BEDROOMS! Investor-friendly features include: CENTRAL HVAC, FOUR SEPARATE WATER/GAS/ELECTRIC METERS ? owner pays only taxes & insurance, Post-Ida roof, Updated kitchens with granite countertops, stainless steel appliances & dishwashers, Full-size washer & dryer in every unit. Location is everything: just 1.5 blocks to St. Charles Avenue (Mardi Gras parades!), 1 block to Magazine Street for premier dining, shopping, and nightlife, and only a 10-minute streetcar ride to the French Quarter. Surrounded by upscale neighbors like the Garden District Hotel & BlackBird Hotel. Exceptional investment opportunity with immediate income and future upside?potential condo conversion for resale. Marketing packet with floor plan, rental specifics, etc- please inquire.
Listed By
Agency Name: Prime Real Estate Partners, LLC
Agency Phone: (504) 400-4969
Shown By
Agency Title: John Weil Realty, LLC
Agency Phone: 504-512-6339
