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701 GORDON ST, New Orleans, LA 70117
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701 GORDON ST, New Orleans, LA 70117
701 GORDON ST, New Orleans, LA 70117
701 GORDON ST, New Orleans, LA 70117
701 GORDON ST, New Orleans, LA 70117
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Cassondra Engleking

Cassondra Engleking

+1(678) 725-0179
$ 220,000
Est. payment /mo
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701 GORDON ST New Orleans, LA 70117

4 Beds

2 Baths

1,438 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,438 sqft

Price per Sqft $152

MLS Listing ID 2582071

Style Ranch

Bedrooms 4

Full Baths 2

Construction Status Very Good Condition

HOA Y/N No

Year Built 1977

Lot Size 5,937 Sqft

Acres 0.1363

Property Sub-Type Duplex

Property Description

LET'S TALK NUMBERS! If you are a yield-driven investor searching for a defensive, cash-flowing asset in the historic Holy Cross area, your opportunity has arrived to own this low-maintenance all brick double on a solid slab foundation with a new roof. Current FEMA maps indicate the dwelling is located in a preferred Flood Zone X which helps maximize your ROI from day one. Picture a fully stabilized scenario where this "Power-8HOUSE" is locked into a government-backed Section 8 ceiling of approximately $2,600 per month. With low overhead expenses, your net operating income has nice potential. Each 2Bd/1BA unit features high-demand features like a private driveway and its own backyard. One side is occupied for immediate cash flow so you can optimize the vacant unit to its full potential. Don't just look at today's numbers- check out the pro-forma metrics (Run the Numbers) and see how this property secures your portfolio's yield. Present your offer today!

Location

State LA

County Orleans

Interior

Heating Gas

Cooling Window Unit(s)

Fireplace No

Laundry Washer Hookup

Exterior

Parking Features Driveway, Off Street

Pool None

Water Access Desc Public

Roof Type Shingle

Building

Lot Description Corner Lot, City Lot

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories One

Construction Status Very Good Condition

Others

Tax ID 39W110114

Special Listing Condition None

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by Anjel Rowan

Schools Near

Cassondra Engleking

Cassondra Engleking

Broker Associate License ID: 995713791

+1(678) 725-0179

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701 GORDON ST

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