1222 BROADWAY STREET
New Orleans, LA 70118
4093 sqft | 6 beds | 4 baths | #2501345
Description
Investment opportunity to own prime piece of real estate located directly across from Tulane University's Newcomb campus, placing it in the heart of citys in demand rental zone. This classic stucco triplex is positioned for steady, long term income with appeal to students, faculty, and professionals year after year. The large upper unit, featuring hardwood floors and central air/heat is leased as
a five bedroom rental for $6000 a month beginning June 1, 2025. On the ground floor, Unit B is leased for $1600/month beginning
June 1 for one year as well. Unit A is month to month for $1200 offering flexibility for future use. Each unit has separate gas and electric meters and shared water meter. Additional features include off street parking, automatic security lighting, and 1.5 blocks away from Willow School. Whether just entering the market, or seasoned investor, take this opportunity to own high yield real estate steps from Tulane's campus
Property Details
- Lot DescriptionCityLot, RectangularLot
- Property ConditionVeryGoodCondition
- Exterior MaterialsPermeablePaving
- Property TypeMulti-Family
- FoundationRaised, Slab
- Sewer InformationPublicSewer
- Original List Price$875,000
- CountyOrleans
- MLS #2501345
- Property SubtypeTriplex
- MLS #2501345
- Utility SourcePublic
- Cost875000
- Square Feet4093
- Year Built1932
- Bedrooms6
- Bathrooms4
- Full Baths4
Location
Legal
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Last Updated:Â . Source: GSREIN
Listing Courtesy
Listing Agent: Deborah Ferrante (#FERRANTD)
Listing Office: LATTER & BLUM (LATT01) (#LATT01)
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