$475,000

This bright and cheerful Arts and Crafts multifamily property is a solid income-producing investment with excellent long-term tenants. Located in the Uptown neighborhood, conveniently near the intersection of Claiborne and Napoleon Ave, the five-unit building is always in high demand. Tenants have easy access to the universities, public transportation by bus, Oschner Baptist Hospital and the surrounding medical corridor, plus a quick car commute via Claiborne Ave to I-10, downtown New Orleans, or Jefferson Parish. Originally a fourplex, the main building has four 1 bed/1 bath units with large kitchens, high ceilings, wood floors, and fun original details with modern updates in all apartments. The spacious front porch creates a wonderful shady area for the first floor units, while upstairs shares a large divided balcony. The gated entrance on the Willow St side brings tenants to a newer rear addition with shared laundry room and the large studio apartment. Use of the laundry facilities and water is included in all front tenants' rent while studio apartment rent includes laundry and all utilities. Unit 2835-B has exclusive use of driveway, but the large corner lot usually provides ample street parking for tenants and guests. This property is being sold subject to the existing leases. 48 hours notice is required for all showings. Please do not disturb the tenants or enter rear gate without an appointment.