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Property description
Thank you for viewing, please read the entire public remarks! This show stopping 2, 812 sqft. Victorian style home built in 1950, is located in the Broadmoor historical district of New Orleans. The upstairs unit contains 3 bedrooms and 1 full bath and the downstairs unit contains 3 bedrooms and 2 bathrooms. Major renovations started with raising the foundation by at least 4 to meet code, followed by replacing plumbing and drainage pipes to the downstairs apartment, adding a new roof, replacing windows, siding, securing the load bearing beams, painting, new HVAC system, electrical rewiring and remodel of landscaping front and back. The interior of both apartments have been completely renovated with beautiful finishes. and work was completed in 2021. Both units feature indoor washers and dryers, central air and heat, ensuring year-round comfort, private driveways, and a very spacious back yard. This profitable rental portfolio in New Orleans includes 2 doubles, 1 single-family home, 1 four-plex, and 3 fully furnished single-family corporate rental properties, collectively generating a minimum annual income of $259, 000. Nestled in a city renowned for its jazz music, vibrant festivals, creole cuisine, and rich culture, these properties offer immense potential. With rental increases and optimization of the corporate rentals, the portfolio's income could rise to approximately $512, 000 annually. All future bookings will transfer with the sale, ensuring immediate income for the new owner. Each property has been meticulously renovated, offering a turnkey investment opportunity. Offered at $3.5 million, this portfolio represents a rare opportunity in a thriving market. Prospective buyers must sign a confidentiality agreement and provide proof of funds or bank approval. Although measurements are deemed reliable, but are approximate and not guaranteed by agent, broker, or seller and should be verified during due diligence.
For more details:
Listed by: Darlene Plaia
For more details:
Listed by: Darlene Plaia