Remarks
This 4-unit multifamily property delivers strong in-place cash flow at $47,220 annual gross rent, with significant rent growth potential to $79,200+ annual gross rent. The property already meets DSCR loan thresholds and offers a clear path to strong returns once stabilized. This 4-plex totals 5,220 of livable sq ft, consisting of four 3BR / 1.5BA units averaging 1,305 SF for each unit. Currently, there are 3 units with term leases and 1 unit vacant. All units include in-unit laundry hookups, private yards, and off-street parking for two vehicles. 8 off-street parking spots available. Located in Tall Timbers subdivision, this asset provides a family-friendly layouts great for long-term tenants. With minimal deferred maintenance, and four separately deeded assets, investors gain both income stability and exit flexibility in one of New Orleans' most resilient rental markets.
Details
- Listing ID:
- NO2531103
- Parish
- Orleans
- Subdivision
- Tall Timbers
- Assessment
- 5823
- Legal Desc
- TALL TIMBERS SQ 203 LOT 6 60X130 5823/25/27/29 TULLIS DR
Interior
- Cooling
- Central Air
- Heating
- Central
- Lot Dimensions
- 60x136
Exterior
- Construction
- Wood, Vinyl Siding, Brick
- Roof
- Other, Composition
![Image Description]()
Location
- Directions
- General De Gaulle to Woodland Drive to Tullis Drive Bounding Streets: Woodland Drive
- Parish
- Orleans
