621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo
621 Alvar Street, New Orleans, LA 70117 Photo

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621 Alvar Street New Orleans, LA 70117
$525,000
Active / MLS# 2515399 / Multi Unit - Multiple / New Orleans
8 Beds
4 Baths
3095 SqFt

The Rainbow Fourplex in the Bywater ~ Fully Occupied Income Producing Property in Prime Location! All units occupied with paying tenants who would like to stay. Separate electric and gas meters ~ owner pays water. Many key upgrades have been made including a brand new fortified roof (c. February 2024), four tankless hot water heaters, and hardy plank siding. The gutted rear shed could potentially be converted to a 5th rental unit, renting at an estimated $1,000/month. Large fenced-in backyard. This iconic property represents solid cash flow in an established location with the potential to add value to an already solid foundation. Coveted flood zone X. Property requires some notice to show.

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Mortgage Calculator

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Estimated Payment

$ 1,319.79 per month $1,166.67 Principal & Interest $0.00 Property Tax (data not provided by mls) $153.13 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Fenced: Yes
Heating: Gas
Home Style: Quadruplex
Lot Size: 33' x 119'
Roof Type: Shingle
Stories: 2.0
Year Built: 1925

Amenities

Balcony
Fence
Porch

Feature Descriptions

Days on Site: 256
Exterior: HardiPlank Type
Laundry: In Unit
Lot: City Lot, Rectangular Lot
Lot Dimensions: 33' x 119'
Parking: None
Patio/Porch: Balcony, Porch
Property Condition: Very Good Condition
Sewer: Public Sewer
Units: 4
Water: Public

Listed By / Shown By

Listed By

Agency Name: FQR Realtors
Agency Phone: (504) 949-5400

Shown By

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

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