Turnkey - 4 New Orleans duplexes and one SFH for sale

[Jennifer T.]

Hello fellow BPers--

I am moving out of state sometime over the next 6 months and am selling my New Orleans rental portfolio. I am also open to selling properties individually. They are all in good condition. They are all fully rented out at/near market price to great tenants. All tenants are on month-to-month leases, except for three units with Section 8 tenants. Three duplexes are in the Algiers neighborhood. The other duplex and the one SFH are in East New Orleans. All properties are in an X Flood Zone. All tenants are responsible for their own utilities (water, sewerage, gas, electric). Square footage is approximate.

Algiers

1616-1618 Elizardi Blvd and 1622-1624 Elizardi Blvd, New Orleans, LA 70114.  $478,700 for both.  Total monthly rent for all four units is $5,171/month.

These two duplexes are next door to each other.  They were fully renovated in 2020, including a new roof for 1616-1618 Elizardi Blvd.  Each of the four units is 3 bed/2bath and 1100 square feet.  Three are rented at $1,300/month and one of those is Section 8.  The fourth one is also Section 8 and rented at $1,271/month.

1212-1214 Casa Calvo St., New Orleans, LA 70114.  $204,800, total monthly rent is $1,950/month. 5 bed/2 bath total for property.

This duplex is less than one mile away from the Elizardi duplexes.  Both sets of tenants have been living there for over 5 years.  One unit is a 2 bed/1bath and the other unit is a 3 bed/1bath.  Total property is 1,900 square feet.

East New Orleans  

13501-13503 N Nemours St., New Orleans, LA 70129.  $199,900, total monthly rent is $2,250/month.  6 bed/3 bath total for property.

This duplex is across the street from the field for Einstein Charter school.  The units are different sizes.  One is a 2 bed/1bath and is about 850 square feet.  It is rented by a Section 8 tenant at $950/month.  The other untis is 4 bed/2 bath and is about 1150 square feet.  It is currently rented for $1,300/month.

14555 Duane Rd., New Orleans, LA 70128. $127,500, currently rented at $1,350/month. 4 bed/2bath single, family home. This SFH was largely renovated and had a new roof installed in 2021. It is 1200 square feet.
 

Please contact me for pictures, questions, and showing appointments.

Jennifer Tornus

Cell:  504-250-2222.  Email: [email protected]