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2933 Pine Street

New Orleans, LA 70125
  • $649,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 2452217
$649,000
  • 8
    BEDS
  • 0.12
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 3,908
    SQFT
  • $166
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Description

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. Built 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.Currently, 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.For 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.Dont 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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Broker and Associates are licensed in the State of Louisiana, USA.
eXp Realty || 985-626-1313 || New Orleans, LA.

Terms & Conditions
© 2024 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 eXp Realty. Data last updated: 2024-07-17T23:34:49.81.
www.localnorthshorerealestate.com/homes/152436828
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2933 Pine Street New Orleans, LA 70125

  • Price: $649,000
  • Status: Active
  • On Site: 8 Days
  • MLS #: 2452217
8
Beds
6
Baths
0
½ Baths
0.12
Acres
3,908
SQFT
$166
$/SQFT
1940
Built
Neighborhood:
Not A Subdivision
County:
Orleans
Property Description
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. Built 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.Currently, 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.For 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.Dont 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.
Exterior Features

Construction Materials StuccoVinyl Siding Exterior Features BalconyCourtyardPorch Foundation Details Raised Lot Features Corner LotCity Lot Lot Size Dimensions 42 x 120 Parking Features DrivewayOff StreetOne Space Patio And Porch Features BalconyPorch Pool Features None Roof Asphalt

Interior Features

Cooling Central Air Heating Central Heating YN Yes

Property Features

Cooling YN Yes Home Warranty YN No Levels Two Listing Terms Bond For DeedOwner May Carry Property Condition Average Condition Property Sub Type Quadruplex Restrictions Sewer Public Sewer Special Listing Conditions None Tenant Pays ElectricityGasWater Watersource Public

Gulf South Real Estate Information Network Listing courtesy of Gulf South Real Estate Information Network.
Listing provided courtesy of Karianne Chassee of eXp Realty, LLC: (337) 522-7554.



Broker and Associates are licensed in the State of Louisiana, USA.
eXp Realty || 985-626-1313 || New Orleans, LA.

Terms & Conditions
© 2024 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 eXp Realty. Data last updated: 2024-07-17T23:34:49.81.
 
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eXp Realty
650 Poydras St Ste 1400
New Orleans LA, 70130