2627 Robert StNew Orleans, LA 70115

This exceptional four-unit multifamily property, located at 2625-2627 Robert St in New Orleans, LA 70115, presents a compelling value-add investment opportunity. The property boasts a total of 4,322 square feet, comprised of four three-bedroom, two-bathroom units. Two units measure 1,087 square feet each, while the remaining two are slightly smaller at 1,074 square feet each. Currently, three of the four units are leased, generating a gross monthly income of $3,836. With rents significantly below market value, this presents a substantial opportunity to increase profitability. The property, built in 2012, is situated in a convenient location, steps away from Freret Street and Baptist Hospital. Each unit includes one parking space. The property is classified as a Class C building and is situated in an AE Flood Zone. The asking price is $570,000, translating to $142,500 per unit and $131.88 per square foot. The current occupancy rate stands at 75%. This two-story building offers a strong foundation for a savvy investor seeking to capitalize on the robust New Orleans rental market. The property's prime location and potential for rental income growth make it an attractive investment prospect.