29
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$220,000
Est. payment /mo
4 Beds
2 Baths
1,438 SqFt
New
701 GORDON ST New Orleans, LA 70117
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,438 sqft
Price per Sqft $152
MLS Listing ID 2582071
Style Ranch
Bedrooms 4
Full Baths 2
Construction Status Very Good Condition
HOA Y/N No
Year Built 1977
Lot Size 5,937 Sqft
Acres 0.1363
Property Sub-Type Duplex
Property Description
LET'S TALK NUMBERS! If you are a yield-driven investor searching for a defensive, cash-flowing asset in the historic Holy Cross area, your opportunity has arrived to own this low-maintenance all brick double on a solid slab foundation with a new roof. Current FEMA maps indicate the dwelling is located in a preferred Flood Zone X which helps maximize your ROI from day one. Picture a fully stabilized scenario where this "Power-8HOUSE" is locked into a government-backed Section 8 ceiling of approximately $2,600 per month. With low overhead expenses, your net operating income has nice potential. Each 2Bd/1BA unit features high-demand features like a private driveway and its own backyard. One side is occupied for immediate cash flow so you can optimize the vacant unit to its full potential. Don't just look at today's numbers- check out the pro-forma metrics (Run the Numbers) and see how this property secures your portfolio's yield. Present your offer today!
Location
State LA
County Orleans
Interior
Heating Gas
Cooling Window Unit(s)
Fireplace No
Laundry Washer Hookup
Exterior
Parking Features Driveway, Off Street
Pool None
Water Access Desc Public
Roof Type Shingle
Building
Lot Description Corner Lot, City Lot
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
Construction Status Very Good Condition
Others
Tax ID 39W110114
Special Listing Condition None
Listed by Anjel Rowan