1415-17 Terpsichore St, New Orleans, LA 70130

Property Description

LOWER GARDEN DISTRICT GREEK REVIVAL — FULLY LEASED, HIGH-INCOME SHOWSTOPPER, 9.7% gross ROI. Effortlessly elegant, this beautiful property delivers both charm and CASH FLOW. Featuring 11 bedrooms, 4 full baths, and 4 half baths, the residence is thoughtfully configured into four spacious, townhome-style units—each offering 1,229 sq ft of well-designed living space and generating a STRONG $7900/MO in income. Rich with timeless New Orleans character, including hardwood floors, original brick fireplaces & mantels.Each unit lives like a private home, with a highly desirable layout: kitchen, living area, main-level bedroom, and half bath downstairs, plus two large, independent bedrooms, full bath, and in-unit laundry—NO WALK THRU BEDROOMS!Investor-friendly features include:CENTRAL HVAC,FOUR SEPARATE WATER/GAS/ELECTRIC METERS — owner pays only taxes & insurance,Post-Ida roof,Updated kitchens with granite countertops, stainless steel appliances & dishwashers,Full-size washer & dryer in every unit.Location is everything: just 1.5 blocks to St. Charles Avenue (Mardi Gras parades!), 1 block to Magazine Street for premier dining, shopping, and nightlife, and only a 10-minute streetcar ride to the French Quarter. Surrounded by upscale neighbors like the Garden District Hotel & BlackBird Hotel.Exceptional investment opportunity with immediate income and future upside—potential condo conversion for resale.Marketing packet with floor plan, rental specifics, etc- please inquire.