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$ 345,000
Est. payment /mo
Listed By Rêve
New
3304 METROPOLITAN ST New Orleans, LA 70126
8 Beds
5 Baths
2,996 SqFt
UPDATED:
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,996 sqft
Price per Sqft $115
MLS Listing ID 2537623
Bedrooms 8
Full Baths 4
Half Baths 2
Construction Status Excellent
HOA Y/N No
Year Built 2023
Lot Size 5,222 Sqft
Acres 0.1199
Property Sub-Type Townhouse
Property Description
INVESTOR ALERT: TURNKEY CASH FLOW + LOW MAINTENANCE + NEWER CONSTRUCTION = the kind of asset that's hard to find in New Orleans—this LIKE NEW 2023 double delivers TWO large, tenant occupied units (approx. 2,996 sq.ft. total | 8 beds | 4 full baths + 2 half baths) built for durability and rentability, featuring bright NATURAL LIGHT, a true OPEN FLOOR PLAN, stylish updated kitchens with STONE COUNTERTOPS, and modern finishes that keep demand high and turns low; value adds you can underwrite with confidence include ENERGY SAVING WINDOWS, TANKLESS HOT WATER, CENTRAL HVAC, a RAISED foundation, and OFF STREET PARKING (+) all designed to reduce surprise capital expenses and protect long term returns, while the PRIME location puts you minutes to the French Quarter and Downtown for consistent tenant pull. At $345,000 with in place rents of $1,880 + $2,057 (= $3,937/mo | $47,244/yr), you're looking at an attractive GRM of ~7.3 and a gross cap rate of ~13.69% (gross)—a READY TO PERFORM, income producing duplex positioned for reliable cash flow today and strong appreciation potential tomorrow.
Location
State LA
County Orleans
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Driveway, Off Street
Water Access Desc Public
Roof Type Shingle
Building
Lot Description City Lot, Rectangular Lot
Dwelling Type Townhouse
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Excellent
Others
Tax ID 39W714728
Special Listing Condition None
Listed by REVE, REALTORS
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