1110 Third St, New Orleans, LA 70130

Property Description

This income-producing beauty houses 6 rental units in a prime New Orleans location, steps off Magazine St in the heart of the Garden District. Currently generating $7300 monthly income with room for growth as some units are under-rented. The roof is only 2 years old and the entire exterior has been refurbished and repainted. The shared laundry has a brand new washer/dryer. There is a large 2 bed/2 bath "owner's unit" downstairs which retains sole use of the driveway parking and the rear yard. Each unit has unique features and fun details throughout the building. Low-maintenance yard. Located in the Garden District Security Patrol District. This building always stays fully rented and tenants often stay long-term. This area is X flood zone, so flood insurance would not be required by a lender. There are two temporarily vacant units that are available for easy showing access until the new tenants move in. The other four units are tenant-occupied and several units have pets. A minimum of 48 hours notice must be given for showings of occupied apartments. As many units as possible will be made available for showings and all will be accessible for inspections.