2714 MILAN Street, New Orleans, LA 70115 (MLS# NO2559886)

Remarks & Misc

Remarks

EXCELLENT RETURNS INVESTMENT OPPORTUNITY in the heart of New Orleans' highly desirable Freret Corridor. This renovated, fully occupied 4-plex is currently generating $6,700/month -- $80,400 in annual gross rental income -- representing approximately 11.14% GROSS YIELD at the $721,900 asking price before operating expenses. The property offers approximately 5,749 living sq ft across four units: (2) 2-bed/1-bath, (1) 2-bed/2-bath and (1) 3-bed/2-bath. All units are tenant occupied, with two currently month-to-month, providing immediate income with future flexibility. Originally built in 1907 and thoughtfully renovated, the property combines historic New Orleans character with modern functionality. Spacious layouts, high ceilings, attractive curb appeal and substantial updates provide an appealing combination of established income and reduced immediate renovation needs. LOCATION ADDS TO THE INVESTMENT STORY -- just a few short blocks from Trader Joe's and the popular Freret St Corridor, with convenient access to Ochsner Baptist, universities, dining, shopping and entertainment. For experienced investors comparing opportunities across asset classes, 2714-20 Milan offers a compelling combination of IN-PLACE CASH FLOW, four income-producing units, a strong rental location and long-term appreciation potential. Additional opportunity may exist through future rent optimization. X flood zone; buyer to verify flood designation, insurance, expenses and all financial information. Financial information available upon request. Shown by appointment only for occupied units. Proof of funds or preapproval requested with offers. Some photos have been virtually staged.

Office/Member/Contract Info

List AOR

NOMAR

Siding

Wood

Yes

Foundation

Piers

Yes

Patio

Porch

Yes

Roof

Composition

Yes

Heating

Central

Yes

Other

Yes

Cooling

Central Air

Yes

Window Units

Yes

Fencing

Other

Yes

Property Features