$624,999

Apartment In New Orleans

  • 12 Beds
  • 6 Baths
  • 5,252 Sqft
  • 4,997 Sqft lot
  • Updated: June 15
  • Source:
    Gulf South Real Estate Information Network (GSREIN)  MLS#2538908

About the Property

1031 Exchange or as a Cash Cow!

This stunning, newly renovated 6-unit building is a money-making machine with significant upside potential. Currently, the property is generating only $5,800/month — well below market value — creating an exceptional opportunity for investors to maximize rental income.

Section 8 Rent Potential:
1 Bedroom Units: $1,149/month each x 2 units = $2,2
1031 Exchange or as a Cash Cow!

This stunning, newly renovated 6-unit building is a money-making machine with significant upside potential. Currently, the property is generating only $5,800/month — well below market value — creating an exceptional opportunity for investors to maximize rental income.

Section 8 Rent Potential:
1 Bedroom Units: $1,149/month each x 2 units = $2,298/month
2 Bedroom Units: $1,362/month each x 2 units = $2,724/month
3 Bedroom Units: $1,750/month each x 2 units = $3,500/month
Total Potential Section 8 Income: $8,522/month
That’s a $102,264/year potential income!

Key Features:
Fully Renovated in 2023 from the studs up
Professionally Managed, cash-flowing Section 8 rental
Upstairs Units: 2 x 3-bedroom, 1-bath units with updated kitchens, hardwood floors, and open floor plans
Downstairs Units: 4 units — 2 x 2-bedroom, 1-bath and 2 x 1-bedroom, 1-bath units, each with separate water & electricity meters and central air
Ample Storage space throughout the building
This is your chance to own a premium investment property that is cash-flowing and poised for growth. Whether you’re looking for steady monthly income or a 1031 Exchange opportunity, this property is a standout.

Bonus: Seller Financing & Bond for Deed Friendly!
This turnkey property won’t last long!

Owner/Agent is a licensed real estate professional.

Don’t miss out – schedule a viewing today!
  • Property type

    Apartment

  • Floors

    2

  • Year built

    2023

  • Price/sqft

    $119

Explore the Area

2714 N GALVEZ Street, New Orleans, Louisiana, United States View on Google Maps
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Fleur De Lee Realty, LLC - DECATUR

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Fleur De Lee Realty, LLC - DECATUR
United States
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1
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2026
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Fleur De Lee Realty, LLC - DECATUR
DECATUR, United States
View agency profile
Last updated
June 15
First listed
Feb 13
Listing reference
2538908
Listing status
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