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Realty Resources, Inc.
1516 Gentilly Blvd, New Orleans, LA 70119
- $275,000
- 4
- BD
- 1,904
- SqFt
- List Price
- $275,000
- Price Change
- ▼ $25,000 1788911739
- MLS#
- 2560296
- Status
- ACTIVE
- Type
- Multifamily
- Style
- Cottage
- Stories
- 2
- Bedrooms
- 4
- Acres
- 0.07
- Living Area
- 1,904
- Parish
- Orleans
Property Description
This Fairgrounds investment opportunity offers two dedicated units, 4 total bedrooms, 3 total baths, and 1,904 square feet of flexible income producing space in one of New Orleans most walkable and sought after locations. The downstairs unit features 3 bedrooms and 2 full baths, while the upstairs flat functions as a private 1 bedroom, 1 bath apartment with its own rear entrance and is currently leased for 1,100 dollars per month. Whether you hold both units as rentals or live downstairs while the upper flat offsets your mortgage, the income potential is already built in. The main level blends classic New Orleans character with comfortable living. Original wood floors, tall ceilings, and natural light set the tone as you step into a large living room that flows into the dining space. The kitchen offers solid wood cabinetry and a layout ready for your personal upgrades. Three bedrooms make the downstairs unit ideal for long term tenants, short term uses, or an owner occupant setup. Two full baths and a convenient laundry area complete the main level. The upper unit adds true investment value. A separate exterior staircase leads to a bright studio style apartment with its own kitchen, living and sleeping area, and a full bath featuring a clawfoot tub. With steady demand in this area, this unit continues to be a reliable source of income. Outside, the fenced yard and the screened front porch give both units enjoyable outdoor space and that signature neighborhood charm the Fairgrounds area is known for. Located just steps from the Fairgrounds and minutes from Bayou St. John, City Park, coffee shops, restaurants, and local markets, this property sits in a high demand rental zone where opportunities like this rarely come available. Homes with built in income, flexible layouts, and this kind of location do not stay long. Schedule your showing today and explore what this multi family property can add to your portfolio.
Additional Information
- Exterior Features
- Enclosed Porch, Fence
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- Heating
- Central, Window Unit(s)
- Cooling
- Central Air, Window/Wall
Mortgage Calculator
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