21
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$515,000
Est. payment /mo
3,927 Acres Lot
Active
621 Alvar Street New Orleans, LA 70117
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID NO2515399
Lot Size 3927.000 Acres
Acres 0.0902
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
Interior
Heating Natural Natural Gas
Cooling Window Unit(s)
Exterior
Exterior Feature Balcony
Parking Features None
Roof Type Composition
Garage false
Building
Foundation Slab
Level or Stories 2
Others
Tax ID 621ALVARST
Listed by FQR Realtors
Nearby Locations
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