6 bedroom house for sale

Overview

Calling all savvy investors! Don't miss this exceptional opportunity to own a charming property on Palm Avenue, a coveted street lined with beautiful oak trees and highly sought after by students attending Loyola and Tulane University. This converted double offers three separate units, generating $97, 500 in gross annual income.Most student leases are for 24 months and often secured by their parents, offering stable and reliable rental income for the discerning investor. In the last four years, the property has undergone significant maintenance and cosmetic updates, ensuring a well-maintained and modern living environment for tenants. Hardwood floors and 9-foot ceilings run throughout all units, enhancing the elegance of the space and providing residents with comfortable living spaces. Unit 2703 features five spacious bedrooms, two bathrooms, and two large living rooms, perfect for communal living or a large family. This unit features two sets of stairs that lead to two individual bedroom suites, offering privacy and flexibility in living arrangements. Unit 2705 features a cozy one-bedroom, one-bathroom open floorplan with an attached but separate roomy studio apartment, catering to individuals or couples. The property includes a spacious backyard for gatherings, a versatile gathering room that can double as a yoga studio or additional living area, and convenient on-site laundry facilities. Allow the pictures to showcase the beauty and value of this outstanding investment opportunity! Contact us now to schedule a showing.