1614 Reverend John Raphael Jr Way

New Orleans LA 70113

2200 sq. ft.

0.07 ac.

Duplex

Currently for sale - view listing

Overview

**Investor Alert! Turnkey Duplex with Strong Income Potential!** Live in One Side & Collect $1,500/Month From the Other! Excellent opportunity for an owner-occupant or investor just streets from St. Charles Avenue. This updated New Orleans double features two 3-bedroom, 2-bath units, with one unit currently leased through HANO at $1,500 per month, with approximately 8 months remaining on the lease. The second unit is vacant, move-in ready, and available for an owner-occupant or new tenant. The property has undergone extensive updates, including the roof, electrical, plumbing, kitchens, bathrooms, flooring, drywall, siding, and windows. Each unit has its own electrical meter and window A/C units, and includes a refrigerator and stove. For an investor, leasing the vacant unit at $1,500/month would provide projected gross rental income of $3,000/month or $36,000 annually. For an owner-occupant, the vacant 3-bedroom, 2-bath unit provides the opportunity to move in while immediately collecting $1,500/month from the neighboring unit to help offset housing expenses. Additional features include a fenced backyard, on-street parking, separate entrances, and a convenient location just streets from St. Charles Avenue with easy access to Downtown New Orleans and surrounding amenities. Whether you’re looking to house hack, expand your rental portfolio, or own a double with immediate existing income, this property offers flexibility that is increasingly difficult to find!!!

Features

6 bedrooms

4 bathrooms

2200 sq. ft. floor area

0.07 ac. lot size

Duplex

Property history for 1614 Reverend John Raphael Jr Way

2017

Sold

Undisclosed

17 Oct 2017

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