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5869 Colbert Street

New Orleans, LA 70124
  • $899,000
  • STATUS: Active
  • ON SITE: 234 Days
  • ID#: 2389357
UPDATED: 204 min ago
$899,000
  • 6
    BEDS
  • 0.15
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,540
    SQFT
  • $254
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2021
County:

School Information

Elementary School:
Middle School:
High School:

Description

Investors! 11% CAP RATE! NO FLOOD INS REQ. Beautiful home converted to 3 rental units in Lakeview. Upstairs primary unit with 3 bedrooms 2 bathrooms plus a fourth flex room measuring 9 x 12 adjacent to the primary bedroom that could be an office, nursery, or small bedroom. Upstairs features hardwood floors throughout. Downstairs apartment 2/1 and a spacious one bedroom suite that overlooks pool and patio. Downstairs owner occupied, primary and 2 bedroom apartment are tenant occupied. All units have full kitchens and laundry facilities. Multiple opportunities here. The two units are currently drawing $5940 a month. Projected rent for large one bedroom pool facing unit is $3750 for a gross monthly rental income of $9690 monthly.

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Broker and Associates are licensed in the State of Louisiana, USA.
The Fields Group | Keller Williams Realty Premier Partners || 225-664-1911 || Denham Springs, LA.

Terms & Conditions
© 2023 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Fields Group | Keller Williams Realty Premier Partners. Data last updated: 2023-12-09T23:34:26.423.
www.thefieldsgroupla.com/homes/138681590
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5869 Colbert Street New Orleans, LA 70124

  • Price: $899,000
  • Status: Active
  • On Site: 234 Days
  • Updated: 204 min ago
  • ID#: 2389357
6
Beds
4
Baths
0
½ Baths
0.15
Acres
3,540
SQFT
$254
$/SQFT
2021
Built
Neighborhood:
Lakeview
County:
Orleans
Elementary School:
Bricolage
Middle School:
Edward Hynes
High School:
Mcdonough35
Property Description
Investors! 11% CAP RATE! NO FLOOD INS REQ. Beautiful home converted to 3 rental units in Lakeview. Upstairs primary unit with 3 bedrooms 2 bathrooms plus a fourth flex room measuring 9 x 12 adjacent to the primary bedroom that could be an office, nursery, or small bedroom. Upstairs features hardwood floors throughout. Downstairs apartment 2/1 and a spacious one bedroom suite that overlooks pool and patio. Downstairs owner occupied, primary and 2 bedroom apartment are tenant occupied. All units have full kitchens and laundry facilities. Multiple opportunities here. The two units are currently drawing $5940 a month. Projected rent for large one bedroom pool facing unit is $3750 for a gross monthly rental income of $9690 monthly.
Exterior Features

Construction Materials BlockStuccoVinyl Siding Exterior Features BalconyFencePorch Foundation Details RaisedSlab Lot Features Corner LotCity Lot Lot Size Dimensions 51 x 129 Parking Features None Patio And Porch Features BalconyPorch Pool Features In Ground Roof Shingle

Interior Features

Cooling Central Air Heating Central Heating YN Yes Laundry Features Laundry Room

Property Features

Architectural Style Traditional Cooling YN Yes Green Energy Efficient Water Heater Home Warranty YN No Levels Two New Construction No Owner Pays ElectricityGasWater Property Condition Updated/RemodeledVery Good ConditionResale Property Sub Type Triplex Sewer Public Sewer Special Listing Conditions None Watersource Public

Gulf South Real Estate Information Network Listing courtesy of Gulf South Real Estate Information Network.
Listing provided courtesy of Terry Gray of Latter & Blum: (985) 626-5695.



Broker and Associates are licensed in the State of Louisiana, USA.
The Fields Group | Keller Williams Realty Premier Partners || 225-664-1911 || Denham Springs, LA.

Terms & Conditions
© 2023 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Fields Group | Keller Williams Realty Premier Partners. Data last updated: 2023-12-09T23:34:26.423.
 
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The Fields Group | Keller Williams Realty Premier Partners
291 Veterans Ave
Denham Springs LA, 70726