2933 Pine Street New Orleans, LA 70125

Building Details

Year Built

1970

Listing Agency eXp Realty, LLC k***@gmail.com Show Phone

Listed by Karianne Chassee · License #995712774 Show Phone

Source Compass

Added: Oct 28, 2024 Checked: Jul 17 at 5:19 am

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Investment Insights

Based on property information with market context.

Located in the Fountainbleau area of New Orleans, adjacent to Dominican High School, the two-story 4-plex at 2933 Pine Street presents an investment opportunity. The property features four units. The two ground-floor shotgun units each include 2 bedrooms and 2 bathrooms. The upper shotgun units also have 2 bedrooms, each with one bathroom and a rear deck. Each unit is equipped with washer and dryer hookups and a central HVAC system. Renovations were completed around 2015, and hardwood floors were added to the lower units in 2018. All four units are currently rented. One unit includes off-street parking for one car. The property size is 3908 square feet. The property may be eligible for 3.5% down financing through FHA. The seller is offering the possibility of financing the purchase via a bond for deed with attractive terms. One unit could be owner-occupied, with rental income from the other three units covering the mortgage.

Key Highlights

• Four‑unit (4‑plex) property offering immediate rental income from all units.
• Located in the desirable Fountainbleau area of New Orleans, adjacent to Dominican High School.
• Potential for owner occupancy with rental income from remaining units to cover mortgage.

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FAQs

What type of property is this?

Quadplex - Two-story 4-plex in Fountainbleau area, great investment opportunity.

Where is this quadplex located?

The property is located at 2933 Pine Street New Orleans, LA.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: Four‑unit (4‑plex) property offering immediate rental income from all units.; Located in the desirable Fountainbleau area of New Orleans, adjacent to Dominican High School.; Potential for owner occupancy with rental income from remaining units to cover mortgage.