2536 Conti StNew Orleans, LA 70119

This exceptional 19-unit apartment building in New Orleans' Mid-City neighborhood presents a compelling investment opportunity. The property boasts a total of 5,896 square feet across four one-story buildings situated on a 12,705 square foot lot. Completely renovated in 2017, the property features new exteriors and interiors, including paint, flooring, lighting, counters, cabinets, sheetrock, structural improvements, bathrooms, appliances, and fixtures. A new roof was installed in 2022. Each studio unit (approximately 250-300 square feet) includes one bedroom and one bathroom, currently generating monthly rents between $795 and $845. The property is currently 100% occupied as of February 27, 2024, offering immediate cash flow. An assumable mortgage with a 3.5% interest rate is available. The property's prime location offers significant advantages, with Whole Foods adjacent, and the LSU Health Sciences Center and the New Orleans Veterans Medical Center just blocks away, providing a large and stable pool of potential tenants. The Lafitte Greenway is also within easy walking distance. The asking price is $1,790,000, or $94,210.53 per unit, and a rent roll is available upon request. This turnkey investment offers strong potential for future rental income growth.