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8br - 4400ft2 - 4 plex for sale (owner finance option) (New Orleans)
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If interested in a fully occupied, multiple streams of rental income as well as an incredible tax sheltering vehicle, let me know.
Reason for selling- buying investment propertyout of town
4 rental units -each with 2 bed/2 bath ,spacious 1100 sq ft and back courtyard
All 4 units rents for $4400 month / $52,800 year rental income meets the 1% rule
Currently I’m below market rents …could rent for $1360 per unit which would produce $5440 per month / $65,280 yearly rental income
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Neighborhood selling average is $98 sq ft x 4400 sq ft which would put it at $433,000
I’m asking $385k OBO
***I would prefer text over calling****