926 Deslonde StNew Orleans, LA 70117

Property Details for 926 Deslonde St

Property size (Sq ft)

2,635 SF

Property type

Residential income homes

Description

This four-unit multifamily property, located at 926 Deslonde Street in New Orleans, Louisiana, presents a compelling value-add investment opportunity. The 2,635 square foot building consists of four two-bedroom, one-bathroom units, situated on a single story. Currently, one unit is leased at $925 per month, below market rate, indicating significant potential for rental income growth. All units are described as being in good condition. The property is situated in the historic Lower Ninth Ward and is classified as a Class C property. The asking price is $290,000, translating to $72,500 per unit and $110.06 per square foot. The property is in an X500 flood zone. Recently placed under new property management, the property will benefit from active marketing to increase occupancy and rental income. This presents a strong opportunity for investors seeking to capitalize on the potential for increased rental income and property appreciation in a desirable New Orleans location. The zip code is 70117.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Latitude

29.9615

Longitude

-90.0249

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