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240004 Annette Street

New Orleans LA 70119

5
3
2800 sq. ft.
0.07 ac.
Duplex
Currently for sale - view listing

Overview

PRICE & TERMS IMPROVEMENT - OWNER FINANCING or CASH - CA$H FLOWING TRI-PLEX (3-units) MINUTES FROM DOWNTOWN NEW ORLEANS. 5 Beds & 5 Bath. Central location just minutes from the French Quarter and the Lakefront. 2404 lot is included and zoned for a multi-family. Build in the future?? This area is HOT & on the come-up with construction all around!! ~11.22% CAP rate @ ~$4,000/mo. All brick updated duplex and detached studio on LARGE corner lot. STR studio unit for more income!! 2402 just updated and lease about to be signed. Tenants pay utilities. Home has sturdy bones & a unique floorplan. New LVP flooring throughout. Freshly painted with many other updates. 3-car driveway w/ SOLAR powered gate to your Carport. BIG EASY Cashflow at its finest!! Owner will finance at: $350k PP, 45-55k down payment, 5.85% interest on 30yr amort. Balloon in 2-3 years. PITI ~ $2,400. Insurance can stay in place rather than spending thousands on a new policy..

Features

5 bedrooms
3 bathrooms
2800 sq. ft. floor area
0.07 ac. lot size
Duplex

Happy sellers in New Orleans

62%
62% of sellers in New Orleans reported that their sale price either exceeded or met their price expectations.

New Orleans stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 15 reviews in New Orleans over the last 12 months.

Local market activity for 5 bedroom duplexes in New Orleans

In the last 12 months, 13 five-bedroom duplexes similar to 240004 Annette Street, have been sold.

This represents a 20% increase in five-bedroom duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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