4018 Pitt St, New Orleans, LA 70115

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Building Details:

This is a six plex located near Touro Hospital that always rents quickly. It has covered parking, an owner's unit that is larger than the rest, and balconies or patios for each of the apartments. It generates over $64,700 per year with expenses of less than $19,000., At a 7.4 cap, it's worth $633,500 (ask for the APOD spreadsheet with details)., The owner is willing to offer a 2nd mortgage to help a good buyer. Due to its proximity to St. Charles Avenue, Touro, and the universities, it will no doubt continue to rent quickly and thus go up in value. This is a solid investment property