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$ 525,000
Est. payment /mo
Price Dropped by $25K
621 ALVAR ST New Orleans, LA 70117
8 Beds
4 Baths
3,095 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,095 sqft
Price per Sqft $169
MLS Listing ID 2515399
Bedrooms 8
Full Baths 4
Construction Status Very Good Condition
HOA Y/N No
Year Built 1925
Property Sub-Type Quadruplex
Property Description
The Rainbow Fourplex in the Bywater ~ Fully Occupied Income Producing Property in Prime Location! All units occupied with paying tenants who would like to stay. Separate electric and gas meters ~ owner pays water. Many key upgrades have been made including a brand new fortified roof (c. February 2024), four tankless hot water heaters, and hardy plank siding. The gutted rear shed could potentially be converted to a 5th rental unit, renting at an estimated $1,000/month. Large fenced-in backyard. This iconic property represents solid cash flow in an established location with the potential to add value to an already solid foundation. Coveted flood zone X. Property requires some notice to show.
Location
State LA
County Orleans
Interior
Heating Gas
Cooling Window Unit(s)
Fireplace No
Laundry In Unit
Exterior
Exterior Feature Balcony, Fence, Porch
Parking Features None
Pool None
Water Access Desc Public
Roof Type Shingle
Porch Balcony, Porch
Building
Lot Description City Lot, Rectangular Lot
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Very Good Condition
Others
Tax ID 621-ALVARST
Special Listing Condition None
Listed by FQR Realtors
Schools Near
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