3304 METROPOLITAN StreetNew Orleans, LA 70126




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$1,574INVESTOR ALERT: TURNKEY CASH FLOW + LOW MAINTENANCE + NEWER CONSTRUCTION = the kind of asset that’s hard to find in New Orleans—this LIKE NEW 2023 double delivers TWO large, tenant occupied units (approx. 2,996 sq.ft. total | 8 beds | 4 full baths + 2 half baths) built for durability and rentability, featuring bright NATURAL LIGHT, a true OPEN FLOOR PLAN, stylish updated kitchens with STONE COUNTERTOPS, and modern finishes that keep demand high and turns low; value adds you can underwrite with confidence include ENERGY SAVING WINDOWS, TANKLESS HOT WATER, CENTRAL HVAC, a RAISED foundation, and OFF STREET PARKING (+) all designed to reduce surprise capital expenses and protect long term returns, while the PRIME location puts you minutes to the French Quarter and Downtown for consistent tenant pull. At $345,000 with in place rents of $1,880 + $2,057 (= $3,937/mo | $47,244/yr), you’re looking at an attractive GRM of ~7.3 and a gross cap rate of ~13.69% (gross)—a READY TO PERFORM, income producing duplex positioned for reliable cash flow today and strong appreciation potential tomorrow.
| 3 days ago | Listing first seen on site | |
| 3 days ago | Listing updated with changes from the MLS® |
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