Property Description

Investor dream! This six-unit property directly across from the Fair Grounds, offers investors rental income in place bringing in $7,800 per month, or $93,600 annually, with an opportunity to grow revenue by reconfiguring existing space. For investors seeking additional upside, concepts for converting existing garage and laundry space to expand select residences project $9,850 per month. Details can be provided.Set on a large double corner lot at Gentilly Boulevard and Aubry Street, the property features 2 spacious two-bedroom, two-bath units upstairs and 4 one-bedroom, one-bath units downstairs. Steps to Bayou St. John, City Park and some of the best restaurants music and bars in the city also with Jazz Fest just across the street!Red French doors, a covered front porch and a round gable window give the Gentilly Boulevard façade its character. Select residences feature hardwood floors, crown molding, ceiling medallions, glass-front built-ins, a window seat and vintage tile baths. A mature live oak shades the full fenced yard, which includes a generous lawn and brick garden patio. The property also offers shared laundry, a three-car garage with extra storage and off-street parking for five or more vehicles. A rare opportunity to own six residences with classic New Orleans character, generous outdoor space and room to grow your investment-all in a location tenants love to call home.

Property Features

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