New Orleans East Duplex! Boston Dr

Orleans Parish, New Orleans, LA, 70127
Sold
Listed at: March 6th, 2023
Price
$145,000
ARV
$225,000
Gross Margin
$80,000
Sq. Footage
2573
Type
Multifamily
Parking
Carport
Year build
1970
Lot size
0.16 acres
Bedrooms
5
Bathrooms
3
Half Bathrooms
0
Summary

Welcome to this New Orleans East Duplex now featured by Abbott Price! Currently occupied by two month-to-month long term tenants, this property presents excellent cash-flow potential and is priced to sell. Featuring off-street parking, central HVAC, a spacious yard, and separate meters for all utilities, 7133 Boston St Drive is truly an investor’s dream. One unit is occupied by a family member of the current owner and the other is a section 8 tenant. Each unit is equipped with a storage unit, an in-unit washer/dryer combo, and a carport, providing excellent amenities for the tenants.


Boston Drive is located in an X flood zone and the property taxes and insurance are each approximately $2,000 per year. Each unit features over 1,000 square feet of living space and a separate entrance. One unit is 3 bedrooms, 2 full bathrooms and the other unit is 2 bedroom and 1 bathroom. The property is only in need of minor cosmetic repairs and can instantly rent to new tenants for north of $2,300 per month.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Brian Mahon

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Disposition manager