2714 Milan St, New Orleans, LA 70115
- $721,900
- 9
- BD
- 5,749
- SqFt
- List Price
- $721,900
- Price Change
- ▼ $2,100 1790470286
- MLS#
- 2559886
- Status
- ACTIVE
- Type
- Multifamily
- Style
- Craftsman
- Stories
- 3
- Bedrooms
- 9
- Half-baths
- 1
- Acres
- 0.14
- Living Area
- 5,749
- Parish
- Orleans
Property Description
EXCELLENT RETURNS INVESTMENT OPPORTUNITY in the heart of New Orleans’ highly desirable Freret Corridor. This renovated, fully occupied 4-plex is currently generating $6,700/month — $80,400 in annual gross rental income — representing approximately 11.14% GROSS YIELD at the $721,900 asking price before operating expenses. The property offers approximately 5,749 living sq ft across four units: (2) 2-bed/1-bath, (1) 2-bed/2-bath and (1) 3-bed/2-bath. All units are tenant occupied, with two currently month-to-month, providing immediate income with future flexibility. Originally built in 1907 and thoughtfully renovated, the property combines historic New Orleans character with modern functionality. Spacious layouts, high ceilings, attractive curb appeal and substantial updates provide an appealing combination of established income and reduced immediate renovation needs. LOCATION ADDS TO THE INVESTMENT STORY — just a few short blocks from Trader Joe’s and the popular Freret St Corridor, with convenient access to Ochsner Baptist, universities, dining, shopping and entertainment. For experienced investors comparing opportunities across asset classes, 2714–20 Milan offers a compelling combination of IN-PLACE CASH FLOW, four income-producing units, a strong rental location and long-term appreciation potential. Additional opportunity may exist through future rent optimization. X flood zone; buyer to verify flood designation, insurance, expenses and all financial information. Financial information available upon request. Shown by appointment only for occupied units. Proof of funds or preapproval requested with offers. Some photos have been virtually staged.
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Additional Information
- Exterior Features
- Fence, Porch
- Roof
- Asphalt, Shingle
- Sewer
- Public Sewer
- Water
- Public
- Heating
- Central, Window Unit(s)
- Cooling
- Central Air, Window/Wall
Mortgage Calculator
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