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2933 PINE ST NEW ORLEANS, LA 70125
- Multi-family (5 or more units) / Resale (MLS)
Property Details for 2933 PINE ST, NEW ORLEANS, LA 70125
Features
- Price/sqft: $153
- Lot Size: 5040 sq. ft.
- Total Units: 4
- Total Rooms: 1
- Room List: Laundry
- Stories: 200
- Heating: Central Furnace
- Construction Type: Frame
Facts
- Year Built: 01/01/1900
- Property ID: 898272132
- MLS Number: 2452217
- Parcel Number: 615314513
- Property Type: Multi-family (5 or more units)
- County: ORLEANS
- Legal Description: MARLYVILLE SQ 11 LOT X PINE AND FIG 42X120 2933-39 PINE ST 4-PLEX-W FILE #92337 1/07
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Welcome to 2933 Pine Street, a two-story 4-plex situated in the charming Fountainbleau area of New Orleans, right next to the esteemed Dominican High School. This property presents a phenomenal opportunity for both seasoned and budding investors. Listed by its owner/agent. nnBuilt with symmetry and style, each of the four units mirrors its counterpart, offering a consistent and pleasing layout. The two ground-floor shotgun units feature 2 bedrooms and 2 bathrooms each, while the upper shotgun units mirror this configuration with one bath and a rear deck. All units boast modern conveniences, including washer and dryer hookups and central HVAC systems to ensure year-round comfort. Recent updates include a substantial renovation around 2015 and the addition of sleek hardwood floors in the lower units in 2018.nnCurrently, all four units are rented, generating stable income with the highest rent reaching $1,450 per month. One unit comes with off-street parking for one car. A detailed rent roll is available to prospective buyers, illustrating the propertys lucrative potential.nnFor investors looking to maximize their leverage, this property may be eligible for 3.5% down financing through FHA. Additionally, the seller is offering the possibility of financing the purchase via a bond for deed with attractive terms for the right buyer. Alternatively, you might choose to occupy one unit yourself and let the rental income from the other three cover your mortgage a smart strategy for anyone looking to make their investment even more affordable.nnDont miss out on this exceptional opportunity to own a piece of New Orleanss vibrant real estate market. Whether youre expanding your portfolio or stepping into the world of investment for the first time, 2933 Pine Street offers both a great opportunity and a touch of Southern charm.
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Property Brokerage:
eXp Realty, LLC
650 Poydras St
New Orleans
LA
70130
Copyright © 2024 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.