LA > New Orleans > Tall Timbers
New Orleans, LA 70131,5771-5829 TULLIS DR
New Orleans, LA 70131,5771-5829 TULLIS DR
New Orleans, LA 70131,5771-5829 TULLIS DR
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$1,800,000
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48 Beds
24 Baths
20,880 SqFt
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5771-5829 TULLIS DR New Orleans, LA 70131

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ZMD Realty

ZMD Realty

+1(985) 288-4363

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Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 20,880 sqft

Price per Sqft $86

Subdivision Tall Timbers

MLS Listing ID 2531070

Style Traditional

Bedrooms 48

Full Baths 16

Half Baths 16

Construction Status Very Good Condition

HOA Y/N No

Year Built 1980

Property Sub-Type Mixed Use

Property Description

High-Performing Multifamily Investment Generating Immediate Cash Flow. This 16-unit multifamily portfolio delivers strong in-place cash flow at $182,580 annual gross rent, with significant rent growth potential to $316,800+ annual gross rent. The property already meets DSCR loan thresholds and offers a clear path to strong returns once stabilized. Each 4-plex totals 5,220 of livable sq ft, consisting of four 3BR / 1.5BA units averaging 1,305 SF for each unit. Currently, there are 11 units with term leases and 5 units vacant. All units include in-unit laundry hookups, private yards, and off-street parking for two vehicles. 32 off-street parking spots available. Located in Tall Timbers subdivision, this asset provides a family-friendly layouts great for long-term tenants. Each 4-plex can be sold separately at $450,000 for each property. With seller financing options available, minimal deferred maintenance, and four separately deeded assets, investors gain both income stability and exit flexibility in one of New Orleans' most resilient rental markets.

Location

State LA

County Orleans

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry In Unit

Exterior

Parking Features Driveway, Off Street, Three or more Spaces

Pool None

Water Access Desc Public

Roof Type Asphalt,Shingle

Building

Lot Description City Lot, Oversized Lot

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

Construction Status Very Good Condition

Others

Tax ID 5771

Special Listing Condition None

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by Corporate Realty Leasing Company

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ZMD Realty

ZMD Realty

ZMD Realty | License ID: 0995696324

+1(985) 288-4363

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