Remarks
The Rainbow Fourplex in the Bywater ~ Fully Occupied Income Producing Property in Prime Location! All units occupied with paying tenants who would like to stay. Separate electric and gas meters ~ owner pays water. Many key upgrades have been made including a brand new fortified roof (c. February 2024), four tankless hot water heaters, and hardy plank siding. The gutted rear shed could potentially be converted to a 5th rental unit, renting at an estimated $1,000/month. Large fenced-in backyard. This iconic property represents solid cash flow in an established location with the potential to add value to an already solid foundation. Coveted flood zone X. Property requires some notice to show.
Details
- Listing ID:
- NO2515399
- Parish
- Orleans
- Assessment
- 621-ALVARST
- Legal Desc
- SQ 133 LOT J 33 X119 621-23 ALVAR ST
- Parking:
- No Parking
Interior
- Cooling
- Window Units
- Heating
- Natural Gas
- Lot Dimensions
- 33' x 119'
Exterior
- Roof
- Composition
![Image Description]()
Location
- Directions
- Map apps work great Bounding Streets: Pauline, Chartres, Bartholomew, Royal
- Parish
- Orleans
