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Traditional, 3 Plex - New Orleans, LA
Great investment opportunity just three blocks outside of historic Algiers Point at the corner of picturesque Opelousas Avenue and LeBoeuf Street. The second-floor residential units – both 2-bedroom/1 bath – are already income-producing, while the first-floor commercial space is ready for new tenants. Zoned HU-RD2, the downstairs space is outfitted for commercial use complete with a reception area, 4 spacious private offices, 2 restrooms, and a cozy kitchenette, but it can be converted to fully residential. This 2-story triplex has ample storage and parking and is situated on high ground in an X Flood Zone. The large, paved backyard is perfect for entertaining or business parking. If you're seeking a comfortable live/work space, you may qualify for a HUD 203K or FannieMae Homestyle Loan. An income-producing venture, you can live in one unit and let the rental income pay the mortgage. The...
Great investment opportunity just three blocks outside of historic Algiers Point at the corner of picturesque Opelousas Avenue and LeBoeuf Street. The second-floor residential units – both 2-bedroom/1 bath – are already income-producing, while the first-floor commercial space is ready for new tenants. Zoned HU-RD2, the downstairs space is outfitted for commercial use complete with a reception area, 4 spacious private offices, 2 restrooms, and a cozy kitchenette, but it can be converted to fully residential. This 2-story triplex has ample storage and parking and is situated on high ground in an X Flood Zone. The large, paved backyard is perfect for entertaining or business parking. If you're seeking a comfortable live/work space, you may qualify for a HUD 203K or FannieMae Homestyle Loan. An income-producing venture, you can live in one unit and let the rental income pay the mortgage. The zoning designation allows for a mixed-use, providing the freedom to adapt the space to suit your specific needs. The possibilities are endless. It’s time to do more than just think about it. Let 2025 be the start of your entrepreneurial dreams.
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