100% Occupied Fourplex Close to Superdome & Interstate

2617 S Galvez St New Orleans, LA 70125

2617 S Galvez St, New Orleans, LA, 70125
2617 S Galvez St, New Orleans, LA, 70125 2617 S Galvez St, New Orleans, LA, 70125 2617 S Galvez St, New Orleans, LA, 70125
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$320,000
Last Verified:
Oct 10, 2022

Highlights

  • Value add potential with cosmetic and basic maintenance and upgrades
  • Rents below market rate
  • Located in Opportunity Zone - Close proximity to Superdome and Downtown NOLA
  • Ideal investment for single-family / duplex investors seeking larger property

Description

This 100% occupied fourplex property is centrally located on the Eastbank just minutes from the Superdome, Interstate, and Downtown NOLA.

The shotgun-style building is two stories with 2 units on the ground floor and 2 units on the second level. Two units are 3 bed / 2 bath, and 2 units are 2 bed / 1 bath,

Rents are currently below market rate and with minor cosmetic upgrades and maintenance there is strong value add potential.

Tenants utilize street parking. Property is located in an Opportunity Zone.

***To access the FINANCIALS (rent roll, income, expense, etc.), please click on “Offering Memorandum.” From there, you’ll be able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***

Located on the Northwest side of S Galvez St in between Third St and Fourth St

Building Size: 3332sq ft
Lot Size: 0.06 acres

Map of 2617 S Galvez St, New Orleans, LA, 70125

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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