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Listed byTeam Tatje Realtors, LLC • Blaine H Tatje • 504-293-2460
$ 625,000
Est. payment /mo
Active
1905 FRANCE ST New Orleans, LA 70117
6 Beds
6 Baths
3,100 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Multifamily 5+
Listing Status Active
Purchase Type For Sale
Square Footage 3,100 sqft
Price per Sqft $201
MLS Listing ID 2540785
Style Other
Bedrooms 6
Full Baths 6
HOA Y/N No
Year Built 2022
Lot Dimensions 6198
Property Sub-Type Multifamily 5+
Source ROAM MLS
Land Area 3100
Property Description
~~SPECIAL INVESTOR FINANCING AVAILABLE! This 6-unit property may qualify for a DSCR loan with up to 75% LTV, 30-year financing options, LLC borrowers allowed, and a minimum 1.15 DSCR. A great opportunity to acquire a multifamily investment without relying solely on traditional commercial financing. Ask us for details!~~LIKE NEW six-unit multifamily property renovated in 2022 with a focus on durability, efficiency, and ease of ownership. Major systems—including electrical, plumbing, roofing, siding, and complete interiors —were updated to reduce ongoing maintenance andmanagement costs and fire walls were added for safety. Very profitable and fully leased, it has a fantastic Cash on Cash Return of 9.97%. Each 1BD/1BA unit features modern finishes and practical design choices aimed at long-term performance. Ideal for investors seeking predictable returns without the upkeep headaches, this turn-key asset offers a low-hassle path to rental income in the New Orleans market. Each unit has an assigned parking space as well as its own water meter and electric meter. There is no gas to the property. CALL BLAINE TODAY FOR MORE DETAILS!
Location
State LA
County Orleans
Interior
Cooling Window Unit(s)
Flooring Tile
Fireplace No
Exterior
Parking Features Assigned, Off Street
Utilities Available Natural Gas Available
Garage No
Building
Lot Description Other
Foundation Slab
Water Public
Architectural Style Other
New Construction No
Others
Tax ID 701171905FRANCESTC
Virtual Tour https://www.propertypanorama.com/instaview/nom/2371299
