2536 St Philip St, New Orleans, LA 70119

Multiple Family / 4 Bedroom(s) / 2 Bath(s)

Property Status:  For Sale | $180,000.00 | 


Property Photos


This is a great BRRRR opportunity.


Property Status:
For Sale | $180,000.00

Contact Info
Property Details:
Multiple Family / 4 BR / 2 BA
Property Style:
1-Story
Year Built:
1940
Finished Sq Ft:
1,600
Basement:
Unfinished Basement
Owner / Agent:
Individual Owner
Property Features:
Central Air
Deck
Patio
Porch
Fenced Yard
Property Description:

4🛏?/2🛁
1,590 Sq Ft Living 📐 (3,432 with Upstairs and Downstairs)
2,929 Sq Ft Lot 🌾
Market Rents $3,000 Per Month 💰
ARV $275K 💲
17 Average Days on Market 🗓?
X Flood Zone

This duplex is located just a few blocks into Treme from Bayou St. John, very close to the Inn at the Old Jail. It is in overall good condition and only needs some small repairs to be ready for new tenants. The majority of the repairs are sheet rock in one bathroom and some minor repairs to the back balcony. The roof is from 2018 and the HVAC is from 2013. Rents are strong in this area, with the average rent for 2 bedroom units in this area being around $1500 per month ($3000 total for both sides). It's an X flood zone and raised, and the basement area can be converted into rentable storage or non-permitted usable living space or studio.

 



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