5430 N Miro St, New Orleans, LA 70117, USA
5430 N Miro St, New Orleans, LA 70117, USA- 10 beds
- 4 baths
- 3550 sq ft
Basic Facts
- Date added: Added 3 months ago
- Type: Multi-Family Home
- Status: Off-market
- Bedrooms: 10
- Bathrooms: 4
- Area, sq ft: 3550 sq ft
- Lot Size: 0.23
- Year built: 2012
- Property For: Sale
Overview
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Description:
Discover this recently remodeled, income-producing property in the heart of New Orleans! Situated on a single lot, this dual duplex offers four individual units, each with its own entrance, providing flexibility for stable rental income.
Property Features:
• Unit 1: 3 beds, 1 bath - $1,320/month
• Unit 2: 3 beds, 1 bath - $1,320/month
• Unit 3: 2 beds, 1 bath - $1,100/month
• Unit 4: 2 beds, 1 bath - $1,100/monthAll units were fully remodeled in February 2023, featuring modern updates and amenities. The property is move-in ready for tenants, generating a total monthly income of $4,840 and an annual income of $58,080. With annual expenses of $16,480, the property yields a net operating income (NOI) of $41,600/year.
Additional Highlights:
• Centrally located with easy access to public transportation, local amenities, and major roadways.
• Low maintenance with manageable operating expenses.
• Recent renovations offer potential for future rent increases.This property is ideal for investors seeking a solid return in a high-demand rental area. Priced at $498,500, this is a fantastic opportunity to own a low-maintenance, high-yield income property in New Orleans.
For more information or to schedule a viewing, please contact Claudio Ascension Jr. at 504-810-6069 or via email at ascension.jr@kendraspro.com.
Location
Property Details
- Features: Parcel number: 39W509313
- Flooring: Laminate