Property Description

Prime investment opportunity on Esplanade Ave in the heart of historic Treme. This turnkey multifamily property includes five units and is appraised at $1.4M. The main unit is vacant -perfect for immediate leasing or flexible use. Previously generated $11,300 per month, offering a mix of steady earnings and growth potential for investors. <br><br> Fully renovated in 2023, the building features a newer roof, newer HVAC systems, updated plumbing, newer appliances, modern fixtures, and newer siding. There is no deferred maintenance. The property includes five 2BR/1BA units, each with their own laundry, and rear off-street parking. The main unit boasts original hardwood floors, soaring 12-foot ceilings, and a wrap-around corner balcony with spectacular views. <br><br> Located on a prominent corner along the iconic Esplanade Ave, you're just minutes from the French Quarter, Faubourg Marigny, and City Park. With cultural and tourism attractions all around, this location promises steady demand throughout the year. Area comps are strong, and income potential is scalable, making this a rare chance to secure a high-profile asset in a thriving rental market. <br>

Property Features