Uncover the ideal financial venture with this impeccably renovated, multi-family accommodation located at 5430 N Miro Street, New Orleans. This exemplary property is comprised of two fully modernized duplexes, each promising appreciable rental income. Soaked in four currently occupied units, this lucrative investment currently accrues a combined monthly revenue of $4,400, totaling $52,800 yearly, making it a perfect choice for those seeking steady cash inflow and a prospect for passive income.
This attractive real estate gem is tried and tested over time. One duplex serves two admirably comfortable 2-bedroom, 1-bath units, adorned with an enduring architectural shingle roof. The second duplex presents 3-bedroom, 1-bath units, preserved under a safe, 4-year-old metal roof. The units were flawlessly renovated as recently as February 2023, featuring central air, ceiling fans, and washer/dryer connectivity in each dwelling.
Tenants can enjoy the comforts of home with backyard spaces and distinct two-car parking lanes for each unit. This ensures tenant satisfaction, leading to steady occupancy and income. Annually, the property smoothly passes New Orleans Section 8 inspections, confirming its tip-top condition. Notably, upgrades manifest in the form of two new AC units, installed as recently as June 2024, promising low maintenance expenses for the future.
Remarkably, the property fortifies a state of full occupation, with tenants holding residence for over two years and a remarkable 100% occupancy rate since acquisition. Rich in detail, rent rolls and lease terms are available upon request.
Seize your chance to acquire a highly productive asset nestled in the heart of New Orleans. Book your viewing at the earliest opportunity, and take your first step toward a thriving real estate portfolio by investing in this remarkable property. Experience the rewarding cycle of investment and return when you sign-off on the purchase of this incredible asset.
