1517 Crete St, New Orleans, LA 70119

Property Description

ASSUMABLE 3.25% FHA Mortgage — Ask for Details. Charming historic fourplex in Esplanade Ridge, just 2 blocks from Jazz Fest. New roof 2022, X Flood Zone, new electrical, fresh paint, and updated window units throughout. Three units tenant-occupied with strong rental history generating approximately $4,300/month. Sale includes both furnished lower units, with furniture conveying to the Buyer. One lower unit operates as a midterm rental with strong STR history. Large backyard with room to add a guest cottage or carriage house for a 5th income stream. Off-street parking. Flexible layout allows conversion to a double or triplex for a large owner’s unit. Historic details preserved throughout with classic charm and modern updates. Minutes from Bayou St. John, NOMA, and some of the city’s best restaurants and coffee shops.**Qualified buyers may assume existing 3.25% FHA mortgage. 26 years remaining.Don’t miss this unique opportunity in one of New Orleans’ most vibrant neighborhoods!All showings require 24 hours notice.