Property Description:

Turnkey Old Gretna duplex, cashflow investment opportunity is now featured by Abbott-Price
This turnkey duplex is located in the popular Old Gretna area, just 10 minutes from the CBD. It offers excellent potential for cash flow and appreciation. Positioned in an X-Flood zone, the property features a 3-bedroom, 2-bathroom unit upstairs and a 1-bedroom, 1-bathroom unit downstairs, totaling approximately 1,700 SqFt.

The upstairs unit, previously rented for $1,950 a month, is now vacant and features central air conditioning. The downstairs unit is tenant-occupied on a month-to-month lease and utilizes window units for cooling. Both units are separately metered for electricity.
Abbott Price’s property analysis indicates an estimated rental income of $3200/month, with the potential for more with cosmetic upgrades and renovations.

This duplex is an excellent cash-flow opportunity for investors seeking to benefit from the rising rental demand in Gretna. It is well-positioned for easy access to I-10 and a short drive to the CBD, shopping, and main attractions.

Investment Highlights:
Turnkey Duplex
X-Flood Zone
Approximately 1,700 square feet total of living space
Two units: 3 bedrooms/1 bathroom and 1 bedroom/1 bathroom
Central air in the upper unit; window unit in lower
The estimated rental income projection is $3,200 per month before any upgrades
Easy access to I-10, major roads and amenities