1700 S Rampart St, New Orleans, LA 70113

Property Description

Calling all investors! This impressive seven-unit CASH COW offers a blend of character, comfort, and convenience. Featuring rich hardwood floors, lofty ceilings, and a private backyard, the property is flooded with natural light and was fully renovated eight years ago, with additional upgrades completed since. Bohemian and yet modern, the lower level includes four studio units, while the upper floor offers two one-bedroom apartments and a spacious three-bedroom unit, complete with dual balconies. Perfect for mid-term or long term rentals, your tenants can enjoy scenic downtown views, a generous front porch, expansive windows in select units, and the added convenience of on-site laundry. Don’t miss your chance to own this exceptional, income-generating gem!10.6% in-place cap rate with a ~7.9% conservative underwritten cap, offering strong cash flow, downside protection, and financing flexibility.