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701 Gordon Street
New Orleans, LA 70117

$220,000 - Status: Active
SQFT: 1,438
MLS# 2582071

LET'S TALK NUMBERS! If you are a yield-driven investor searching for a defensive, cash-flowing asset in the historic Holy Cross area, your opportunity has arrived to own this low-maintenance all brick double on a solid slab foundation with a new roof. Current FEMA maps indicate the dwelling is located in a preferred Flood Zone X which helps maximize your ROI from day one. Picture a fully stabilized scenario where this "Power-8HOUSE" is locked into a government-backed Section 8 ceiling of approximately $2,600 per month. With low overhead expenses, your net operating income has nice potential. Each 2Bd/1BA unit features high-demand features like a private driveway and its own backyard. One side is occupied for immediate cash flow so you can optimize the vacant unit to its full potential. Don't just look at today's numbers- check out the pro-forma metrics (Run the Numbers) and see how this property secures your portfolio's yield. Present your offer today!

Property Features

MLS#: 2582071
Zip: 70117
Subdivision:
Development:
Property Type: Multi Unit - Multiple
Number of Units: 2
Cooling: Window Unit(s)
Days on Site: 4
Heating: Gas
Home Style: Duplex, Ranch
Lot Size: 0.14 acres
Roof Type: Shingle
Stories: 1.0

Feature Descriptions

Exterior: Brick
Laundry: Washer Hookup
Lot Description: Corner Lot, City Lot
Lot Dimensions: 106 X 56
Parking: Driveway, Off Street
Property Condition: Very Good Condition
Sewer: Public Sewer
Units: 2
Water: Public

701 Gordon Street | MLS# 2582071

This multi-family property located at 701 Gordon Street , New Orleans, LA 70117 is currently listed for sale with an asking price of $220,000. Search New Orleans real estate on www.wendybenedetto.com today.

Listed By / Shown By

Listed By

Agency Name: Anjel Rowan
Agency Phone: (504) 874-9093

Shown By

Agency Title: Wendy Benedetto, LLC
Agency Phone: (504) 382-7492

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