2933 PINE ST Active Save Request In-Person Tour Request Virtual Tour
New Orleans,LA 70125
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,908 sqft
Price per Sqft $157
Subdivision Not A Subdivision
MLS Listing ID 2473740
Bedrooms 8
Full Baths 6
Year Built 1970
Lot Size 5,052 Sqft
Property Sub-Type Quadruplex
Property Description
Welcome to 2933 Pine Street, a two-story 4-plex situated in the charming Fountainbleau area of New Orleans, right next to the esteemed Dominican High School. This property presents a phenomenal opportunity for both seasoned and budding investors. Listed by its owner/agent.
Built with symmetry and style, each of the four units mirrors its counterpart, offering a consistent and pleasing layout. The two ground-floor shotgun units feature 2 bedrooms and 2 bathrooms each, while the upper shotgun units mirror this configuration with one bath and a rear deck. All units boast modern conveniences, including washer and dryer hookups and central HVAC systems to ensure year-round comfort. Recent updates include a substantial renovation around 2015 and the addition of sleek hardwood floors in the lower units in 2018.
Currently, all four units are rented, generating stable income with the highest rent reaching $1,450 per month. One unit comes with off-street parking for one car. A detailed rent roll is available to prospective buyers, illustrating the property's lucrative potential.
For investors looking to maximize their leverage, this property may be eligible for 3.5% down financing through FHA. Additionally, the seller is offering the possibility of financing the purchase via a bond for deed with attractive terms for the right buyer. Alternatively, you might choose to occupy one unit yourself and let the rental income from the other three cover your mortgage— a smart strategy for anyone looking to make their investment even more affordable.
Don't miss out on this exceptional opportunity to own a piece of New Orleans's vibrant real estate market. Whether you're expanding your portfolio or stepping into the world of investment for the first time, 2933 Pine Street offers both a great opportunity and a touch of Southern charm.
Location
State LA
County Orleans
Interior
Heating Central
Cooling Central Air
Laundry In Unit
Exterior
Exterior Feature Balcony,Courtyard,Porch
Parking Features Driveway,Off Street,One Space
Pool None
Roof Type Asphalt
Building
Lot Description Corner Lot,City Lot
Foundation Raised
Sewer Public Sewer
Water Public
Others
Special Listing Condition None