2714 N GALVEZ ST Active Save Request In-Person Tour Request Virtual Tour
New Orleans,LA 70117
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,252 sqft
Price per Sqft $114
MLS Listing ID 2467261
Style Traditional
Bedrooms 12
Full Baths 6
Year Built 1960
Lot Size 4,996 Sqft
Property Sub-Type Apartment
Property Description
1031 Exchange or as a Cash Cow!
This stunning, newly renovated 6-unit building is a money-making machine with significant upside potential. Currently, the property is generating only $5,800/month — well below market value — creating an exceptional opportunity for investors to maximize rental income.
Section 8 Rent Potential:
1 Bedroom Units: $1,149/month each x 2 units = $2,298/month
2 Bedroom Units: $1,362/month each x 2 units = $2,724/month
3 Bedroom Units: $1,750/month each x 2 units = $3,500/month
Total Potential Section 8 Income: $8,522/month
That's a $102,264/year potential income!
Key Features:
Fully Renovated in 2023 from the studs up
Professionally Managed, cash-flowing Section 8 rental
Upstairs Units: 2 x 3-bedroom, 1-bath units with updated kitchens, hardwood floors, and open floor plans
Downstairs Units: 4 units — 2 x 2-bedroom, 1-bath and 2 x 1-bedroom, 1-bath units, each with separate water & electricity meters and central air
Ample Storage space throughout the building
This is your chance to own a premium investment property that is cash-flowing and poised for growth. Whether you're looking for steady monthly income or a 1031 Exchange opportunity, this property is a standout.
Bonus: Seller Financing & Bond for Deed Friendly!
This turnkey property won't last long!
Owner/Agent is a licensed real estate professional.
Don't miss out – schedule a viewing today!
Location
State LA
County Orleans
Interior
Heating Ductless,Window Unit,Wall Furnace
Cooling Window Unit(s)
Exterior
Exterior Feature Balcony,Fence
Parking Features Off Street,Parking Lot
Roof Type Shingle
Building
Lot Description City Lot,Irregular Lot
Foundation Slab
Sewer Public Sewer
Water Public
Others
Special Listing Condition None