606 Egania St, New Orleans
20 Beds, 10 Baths, 6,300 Sf
$700,000
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2714 N Galvez St , New Orleans
$624,999
12 Beds
6 Baths
5,252 Sqft
.11 Acres
No Garage
1031 Exchange or as a Cash Cow!
This stunning, newly renovated 6-unit building is a money-making machine with significant upside potential. Currently, the property is generating only $5,800/month — well below market value — creating an exceptional opportunity for investors to maximize rental income.
Section 8 Rent Potential:
1 Bedroom Units: $1,149/month each x 2 units = $2,298/month
2 Bedroom Units: $1,362/month each x 2 units = $2,724/month
3 Bedroom Units: $1,750/month each x 2 units = $3,500/month
Total Potential Section 8 Income: $8,522/month
That’s a $102,264/year potential income!
Key Features:
Fully Renovated in 2023 from the studs up
Professionally Managed, cash-flowing Section 8 rental
Upstairs Units: 2 x 3-bedroom, 1-bath units with updated kitchens, hardwood floors, and open floor plans
Downstairs Units: 4 units — 2 x 2-bedroom, 1-bath and 2 x 1-bedroom, 1-bath units, each with separate water & electricity meters and central air
Ample Storage space throughout the building
This is your chance to own a premium investment property that is cash-flowing and poised for growth. Whether you're looking for steady monthly income or a 1031 Exchange opportunity, this property is a standout.
Bonus: Seller Financing & Bond for Deed Friendly!
This turnkey property won’t last long!
Owner/Agent is a licensed real estate professional.
Don’t miss out – schedule a viewing today!
Essential Information
MLS® #2538908
Price$624,999
Bedrooms12
Bathrooms6.00
Full Baths6
Square Footage5,252
Acres0.11
Year Built2023
TypeResidential Income
Sub-TypeApartment, Traditional
StatusActive
Community Information
Address2714 N Galvez St
CityNew Orleans
CountyOrleans
StateLouisiana
Zip Code70117
Amenities
ParkingOff Street, Parking Lot
Interior
CoolingWindow Unit(s)
Heating
Ductless, Window Unit, Wall Furnace
Exterior
ExteriorBlock, Concrete, Wood Siding
Exterior FeaturesBalcony, Fence
Lot DescriptionCity Lot, Irregular Lot
WindowsScreens
RoofShingle
ConstructionBlock, Concrete, Wood Siding
FoundationSlab
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