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1616 EAGLE Street, New Orleans, LA 70118

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For Sale

$359,000

1,925 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $186.49
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Step into a rare Uptown investment that checks every box for performance, stability, and long-term upside. This fully leased 4 unit property is a true cash cow, generating a combined monthly income of $5,398 with all four tenants in place and paying on time. NONE of the Units are Subsidized ~ NONE. Each Tenant pays their own rent timely!! Opportunities with this kind of return are scarce, especially in a neighborhood this sought after.<br><br> The property spans two separate buildings on an oversized 45' by 120' lot with coveted off street parking.<br> Front building: (two)one bedroom one bath units, each leased at $1,400 per month<br> Rear building: (two) one bedroom one bath units, each leased at $1,299 per month<br><br> Tenants enjoy simple living with water & electricity included, making these units extremely easy to lease and maintain. Investors enjoy strong, predictable income and a high cap rate that outperforms most multi-family opportunities in this price category.<br><br> The TOTAL average utility costs that the landlord/Owner covers is $900 TOTAL (for the electricity and water, sewerage & trash). Only 4 blocks to Oak Street, this location is exceptional! You are moments from award-winning restaurants, neighborhood coffee shops, fitness studios, art galleries, live music venues, and one of Uptown s most beloved commercial corridors. Demand for this area is always strong, which helps keep vacancies low and rents competitive.<br><br> Additional benefits include the preferred Flood Zone X, a property that has never flooded, and an overall setup that makes this an easy addition to any portfolio.<br><br> This is a rock solid investment with excellent cash flow from day one. Do not miss this one!
MLS# 2531730

Courtesy Of HODC LLC dba Keller Williams Realty New Orleans

(504) 862-0100

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch
  • Architecture Style
    Cottage
  • Exterior Type
    Vinyl Siding, Wood Siding

Map and Directions

Directions to 1616 EAGLE Street, New Orleans, LA 70118

Home seller CENTURY 21 Action Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Action Realty

(504) 456-8821
Learn More About Us

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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.