Property Description:
Off market Gentilly duplex in rent-ready condition.
This property is located at 3324 Mandeville St, New Orleans, LA 70122.
1600sf
4bd/2ba - 2bd/1ba each side
current rent $1000 a unit
Average rent in the area is $1200-$1300
Cap rate currently around 11-12%
2 year old roof. Central AC. All appliances, including washer/dryer in both units. Spacious backyard with large garage that can be converted into another unit.
Asking $176k
Rehab $35,000 light cosmetics
ARV: $290,000-$310,000
Additional pics/video available upon request.