2232-34 S Salcedo Street

Description

Classic raised basement double in a highly convenient New Orleans location—ideal for both owner-occupants and investors alike. The numbers make sense, offering strong income potential with the flexibility to live in one side and rent the other.Perfectly situated with easy access to Downtown, the Medical District, local universities, Audubon Park, the St. Charles Avenue Streetcar, Mardi Gras parade routes, and the vibrant dining and shopping along Freret Street and Magazine Street.Each unit is filled with quintessential New Orleans charm, featuring: hardwood floors, classic Uptown-style baths, full kitchens, light-filled interiors, generous storage, independent washer and dryer for each side. Both sides offer a functional and appealing layout with a spacious living room, dining room, kitchen, 2 bedrooms, and 1 bath—ideal for roommates or tenants.Additional highlights include: Inviting front porch, on-grade basement with flexible use (home gym, workshop, or extra storage), separately metered electric and gas (1 shared water meter).Currently the right side is owner-occupied. The unit on the left has a tenant lease through July 2026, generating $2,200/month in rental income. Projected total income: $4,400/month.Low flood insurance at just $1,317/year adds to the property’s strong financial profile. Property may qualify for a grant up to $6,000 with First Horizon. Call Mimi Denis for details (504)237-4927.