1031 Exchange or as a Cash Cow!
This stunning, newly renovated 6-unit building is a money-making machine with significant upside potential. Currently, the property is generating only $5,800/month — well below market value — creating an exceptional opportunity for investors to maximize rental income.
Section 8 Rent Potential:
1 Bedroom Units: $1,149/month each x 2 units = $2,298/month
2 Bedroom Units: $1,362/month each x 2 units = $2,724/month
3 Bedroom Units: $1,750/month each x 2 units = $3,500/month
Total Potential Section 8 Income: $8,522/month
That’s a $102,264/year potential income!
Key Features:
Fully Renovated in 2023 from the studs up
Professionally Managed, cash-flowing Section 8 rental
Upstairs Units: 2 x 3-bedroom, 1-bath units with updated kitchens, hardwood floors, and open floor plans
Downstairs Units: 4 units — 2 x 2-bedroom, 1-bath and 2 x 1-bedroom, 1-bath units, each with separate water & electricity meters and central air
Ample Storage space throughout the building
This is your chance to own a premium investment property that is cash-flowing and poised for growth. Whether you're looking for steady monthly income or a 1031 Exchange opportunity, this property is a standout.
Bonus: Seller Financing & Bond for Deed Friendly!
This turnkey property won’t last long!
Owner/Agent is a licensed real estate professional.
Don’t miss out – schedule a viewing today!
Active
$599,999
2714 N Galvez St, New Orleans, LA 70117
12beds
5,252sqft
Est.:
Multi Family, Apartment
Built in 1960
-- sqft lot
$-- Zestimate®
$114/sqft
$-- HOA
What's special
Tons of storage spaceOpen floorplanUpdated kitchenHardwood floors
- 346 days
- on Zillow |
- 120 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: February 06, 2025 at 03:45pm
Listed by:
Justin Lee 678-488-8650,
Fleur De Lee Realty, LLC 678-250-4114
Source: GSREIN,MLS#: 2467261

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Ductless, Window Unit, Wall Furnace
Cooling
- Window Unit(s)
Features
- Windows: Screens
Interior area
- Total interior livable area: 5,252 sqft
Property
Parking
- Parking features: Off Street, Parking Lot
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony
- Exterior features: Balcony, Fence
Lot
- Size: 4,996.33 Square Feet
- Dimensions: 30 x 124,24 x 31
- Features: City Lot, Irregular Lot
Details
- Parcel number: 701172714NGalvezST12
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Apartment
Materials
- Block, Concrete, Wood Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Excellent
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: New Orleans
Financial & listing details
- Price per square foot: $114/sqft
- Tax assessed value: $226,700
- Annual tax amount: $2,992
- Date on market: 9/18/2024
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