2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo
2714 Milan Street , New Orleans, LA 70115 Photo

27 Total Photos [Click to View All]

2714 Milan Street New Orleans, LA 70115
$714,900
Active / MLS# 2559886 / Multi Unit - Multiple / New Orleans
9 Beds
5 Baths
1 Half Bath

EXCELLENT RETURNS INVESTMENT OPPORTUNITY in the heart of New Orleans' highly desirable Freret Corridor. This renovated, fully occupied 4-plex is currently generating $6,700/month - $80,400 in annual gross rental income - representing approximately 11.15% GROSS YIELD before operating expenses.The property offers approximately 5,749 living sq ft across four units: (2) 2-bed/1-bath, (1) 2-bed/2-bath and (1) 3-bed/2-bath. All units are tenant occupied, with two currently month-to-month, providing immediate income with future flexibility.Originally built in 1907 and thoughtfully renovated, the property combines historic New Orleans character with modern functionality. Spacious layouts, high ceilings, attractive curb appeal and substantial updates provide an appealing combination of established income and reduced immediate renovation needs.LOCATION ADDS TO THE INVESTMENT STORY - just a few short blocks from Trader Joe's and the popular Freret St Corridor, with convenient access to Ochsner Baptist, universities, dining, shopping and entertainment.For experienced investors comparing opportunities across asset classes, 2714-20 Milan offers a compelling combination of IN-PLACE CASH FLOW, four income-producing units, a strong rental location and long-term appreciation potential. Additional opportunity may exist through future rent optimization. X flood zone; buyer to verify flood designation, insurance, expenses and all financial information.Financial information available upon request. Shown by appointment only for occupied units. Proof of funds or preapproval requested with offers. Some photos have been virtually staged.

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Estimated Payment

$ 1,797.18 per month $1,588.67 Principal & Interest $0.00 Property Tax (data not provided by mls) $208.51 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air, Window Unit(s)
Heating: Central, Other
Home Style: Craftsman
Lot Size: 0.14 Acres
Year Built: 1907

Feature Descriptions

Days on Site: 15
Exterior: Wood Siding, Cedar
Fencing: Other
Lot: Other
Lot Dimensions: 51-120
Parcel#: 614334213
Parking: Off Street
Parking Notes: Off Street
Sewer: Public Sewer
Units: 4
Utilities: Natural Gas Not Available
Water: Public

Listed By / Shown By

Listed By

Agency Name: United Real Estate Partners
Agency Phone: 504-305-4930

Shown By

Agency Title: John Weil Realty, LLC
Agency Phone: 504-512-6339

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