2714 N GALVEZ Street

1031 Exchange or as a Cash Cow! This stunning, newly renovated 6-unit building is a money-making machine with significant upside potential. Currently, the property is generating only $5,800/month -- well below market value -- creating an exceptional opportunity for investors to maximize rental income. Section 8 Rent Potential: 1 Bedroom Units: $1,149/month each x 2 units = $2,298/month 2 Bedroom Units: $1,362/month each x 2 units = $2,724/month 3 Bedroom Units: $1,750/month each x 2 units = $3,500/month Total Potential Section 8 Income: $8,522/month That's a $102,264/year potential income! Key Features: Fully Renovated in 2023 from the studs up Professionally Managed, cash-flowing Section 8 rental Upstairs Units: 2 x 3-bedroom, 1-bath units with updated kitchens, hardwood floors, and open floor plans Downstairs Units: 4 units -- 2 x 2-bedroom, 1-bath and 2 x 1-bedroom, 1-bath units, each with separate water & electricity meters and central air Ample Storage space throughout the building This is your chance to own a premium investment property that is cash-flowing and poised for growth. Whether you're looking for steady monthly income or a 1031 Exchange opportunity, this property is a standout. Bonus: Seller Financing & Bond for Deed Friendly! This turnkey property won't last long! Owner/Agent is a licensed real estate professional. Don't miss out - schedule a viewing today!

Listing ID:

NO2538908

Parish

Orleans

Assessment

701172714NGalvezST12

Legal Desc

SQ 1014 LOT 12 30X141 & PT 10-11 24X32 C/BLOCK FR BLDG 6/APTS 34/RMS 2714-16 N.ALVEZ ST

Parking:

Parking Lot

Cooling

Window Units

Heating

Other, Wall Units

Lot Dimensions

30X124,24X31

Construction

Wood, Concrete, Block

Lot Size Area

0.11 ac

Roof

Composition