French Quarter Duplex — Seller Financing Available

Description:

French Quarter-adjacent duplex offered at $255,000 with seller financing available. This classic Creole cottage at 1720-1722 Marais Street sits just 3 blocks from the French Quarter, delivering strong rental income from two fully occupied units generating $36,300 annually.

PROPERTY HIGHLIGHTS:
- Duplex: Two 2-bed/1-bath units (2,418 total sqft) on a 5,440 sqft lot
- Classic 1920 brick construction with raised foundation, two stories
- Updated kitchens and bathrooms throughout both units
- Central heat and AC, in-unit laundry, private courtyard with fencing
- Walk Score: 93 | Bike Score: 97
- Unit 1720 available fully furnished

FINANCIAL OVERVIEW:
- Gross Rental Income: $36,300/yr ($1,625 + $1,400/mo from two long-term tenants)
- 100% occupied with quality tenants
- Cap Rate: 3.6% at asking price
- GRM: 7.02x

FINANCING OPTIONS:
Seller is open to Bond for Deed at 6% interest or other creative financing structures, making this accessible to buyers who may not qualify for traditional bank financing. The underlying property carries a GMFS mortgage at 2.875% which may be assumable pending lender confirmation — inquire for details.

LOCATION:
5-minute walk to Bourbon Street, Frenchmen Street, and some of the best restaurants and live music in the world. Located in the South 7th Ward / Faubourg Marigny area, one of the most desirable neighborhoods in New Orleans for both residents and short-term rental investors.

Ideal for 1031 exchange buyers, owner-occupants seeking house-hack income, or investors looking to acquire a stabilized asset with flexible financing in a prime location. Contact for full investor package including T12, rent roll, and financing details.