7 bedroom house for sale

Overview

This income-producing beauty houses 6 rental units in a prime New Orleans location, steps off Magazine St in the heart of the Garden District. Currently generating $7300 monthly income with room for growth as some units are under-rented. The roof is less than 1 year old and the entire exterior has been refurbished and repainted. The shared laundry has a brand new washer/dryer. There is a large 2 bed/2 bath owner's unit downstairs which retains sole use of the driveway parking and the rear yard. Each unit has unique features and fun details throughout the building. Low-maintenance yard. Located in the Garden District Security Patrol District. This building stays fully rented all the time. Located in an X flood zone, so flood insurance would not be required by a lender, but well worth the low annual premium of $1100. Building is fully occupied and several units have pets. 48 hour notice must be given for showings. As many units as possible will be made available for showings and all will be accessible for inspections.