2638 NEW ORLEANS Street

One property, four income streams, endless opportunity. Prime investment opportunity Located in the 7th w/d featuring both income-producing and value-add potential. Liquor License. The ground floor commercial space is currently operating as a bar with rental income of $1,600/month, with market potential up to $2,500/month. This versatile space includes two bathrooms and a full kitchen, easy conversion into a restaurant or other food/beverage concept. Upstairs, you'll find two 2-bedroom, 1-bath units--both in need of renovation--each with a projected rental income of $1,375/month after updates. Additionally, the property includes a separate 1-bedroom studio unit in a stand-alone house, potential rent $1,000/month -need renovations. With multiple income streams and opportunities to increase rental rates, this property is investors looking to maximize returns in a sought-after location.

Listing ID:

NO2516807

Parish

Orleans

Assessment

37W212912

Legal Desc

SQ 1505 LOT 14 NEW ORLEANS AND HOPE 31 X 104 2/STORY BLDG - BAR DOWN AND 2/APTS 4/R EA SIDE AND SGLE/ FR 4/RM UP A/R SEE E REC

Lot Dimensions

110x 35

Construction

Stucco

Lot Size Area

0.07 ac

Features

Living Space Available