Renovated Uptown 4 PLEX that runs full. With market based bumps rent projections are $91,200. Excellent tenants, low management, beautiful building with double-sided driveways connecting to rear yard. Post WW2 construction built on a 24” slab and built with second generation tradesman. Amazing structure and very well maintained by current ownership. Excellent Uptown New Orleans rental investment, with excellent configuration for a potential homestead exemption accessory short term rental licensing on 3 AirBnB units.  Gross rent projections based on nominal market rent aligned adjustments to the units.  All leases less than 12 months of remaining lease term.

 

Please contact Jonathan Maki with McEnery Residential at 504.982.1115 or Parke McEnery at 504.236.9542. Expenses and rent roll available upon request.

 

List Price $945,000

 

721 Valmont OM 5.22.20

LACDB Link

Loopnet Link