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Multi-Family HomeLouisianaOrleans ParishNew Orleans701175430 N Miro St, New Orleans, LA 70117, USA

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
$498,499
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Basic Facts

  • Date added: Added 3 months ago
  • Type:
  • Status:
  • Bedrooms: 10
  • Bathrooms: 4
  • Area, sq ft: 3550 sq ft
  • Lot Size: 0.23
  • Year built: 2012
  • Property For: Sale

Overview

  • 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/month

    All 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.

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Is the property you want to list with us located in Colorado State?

In certain areas in Colorado, the Flat Fee MLS rate may differ, and we’ll notify you if any additional fees are necessary.