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$ 339,900
Est. payment /mo
Price Dropped by $10K
1614 REVEREND JOHN RAPHAEL JR WAY New Orleans, LA 70113
6 Beds
4 Baths
2,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $154
MLS Listing ID 2564276
Style Cottage
Bedrooms 6
Full Baths 4
Construction Status Excellent
HOA Y/N No
Year Built 2022
Lot Size 2,975 Sqft
Acres 0.0683
Property Sub-Type Duplex
Property Description
**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!!!
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!!!
Location
State LA
County Orleans
Interior
Heating Window Unit
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features None
Water Access Desc Public
Roof Type Shingle
Building
Lot Description City Lot, Rectangular Lot
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Cottage
Level or Stories Two
Construction Status Excellent
Others
Tax ID 101109912
Special Listing Condition None
Listed by Snap Realty
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