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  • $599,999

    2714 N Galvez St, New Orleans, LA 70117

    12beds
    5,252sqft
    : 
    Multi Family, Apartment
    Built in 1960
    -- sqft lot
    $-- Zestimate®
    $114/sqft
    $-- HOA

    What's special

    Tons of storage spaceOpen floorplanUpdated kitchenHardwood floors
    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!
    346 days
    on Zillow
    |
    120
    |
    7
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    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#: 2467261MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 2714 N Galvez St.

    Next available tour time:Tomorrow at 9am

    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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