Overview

Description

This 100% occupied fourplex property is centrally located on the Eastbank just minutes from the Superdome, Interstate, and Downtown NOLA.

The shotgun-style building is two stories with 2 units on the ground floor and 2 units on the second level. Two units are 3 bed / 2 bath, and 2 units are 2 bed / 1 bath,

Rents are currently below market rate and with minor cosmetic upgrades and maintenance there is strong value add potential.

Tenants utilize street parking. Property is located in an Opportunity Zone.

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Located on the Northwest side of S Galvez St in between Third St and Fourth St

Highlights

• Value add potential with cosmetic and basic maintenance and upgrades
• Rents below market rate
• Located in Opportunity Zone - Close proximity to Superdome and Downtown NOLA
• Ideal investment for single-family / duplex investors seeking larger property

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