1936 St Philip StNew Orleans, LA 70116

This exceptional investment opportunity presents a stabilized, six-unit multifamily portfolio situated in the thriving Treme neighborhood of New Orleans, Louisiana. Comprising three renovated duplexes on a single block, this Class B property boasts a total of 4,640 net rentable square feet on a 7,120 square foot lot. Each of the three buildings, constructed in 1961 and fully renovated in 2023, features one story and is zoned HU-RD2. The portfolio benefits from a 100% occupancy rate as of June 1, 2024, generating a total monthly rental income of $8,140. Its prime location offers convenient access to downtown New Orleans, the French Quarter, I-10, and US-90, and is within close proximity to major medical facilities like the University Medical Center and the VA Hospital. The asking price is $1,079,000. The sale includes an LLC and a completed cost segregation study, providing a significant first-year tax deduction. Owner financing options, including a bond for deed, are available. This is a rare opportunity to acquire a fully renovated, high-performing multifamily portfolio in a rapidly appreciating area.