2905 Carondelet St, New Orleans, LA 70115

Location, location, location! This fourplex is meticulously maintained and located one block from the St. Charles Ave Mardi Gras Parade Route. It is an excellent investment opportunity for savvy investors, offering four one-bedroom, one-bathroom units with plenty of living space. The property also offers off-street parking. The potential of transforming this fourplex into a fully renovated set of condos or fourplex is endless, giving you a variety of investment options. The tenants are currently on month-to-month leases, allowing you to increase the rent potential significantly. Two units are currently vacant and available for general showings; the rest can be shown with an accepted contract. This presents an opportunity for investors to add value and maximize returns. With the right upgrades, this property can shine, and it offers easy access to the interstate and all the attractions that New Orleans has to offer. The option for owner financing is available for interested buyers, and the seller is highly motivated to sell. The mortgage offer includes a 25-year term with a 5% interest rate. The down payment required for this offer is $50,000.