729-31 FERN Street, New Orleans, LA 70118 (MLS# NO2540441)

Ideal investment opportunity in East Carrollton in a prime location, just off Maple St with convenient access to the streetcar on both St Charles Ave and S Carrollton Ave. Owned and meticulously maintained by the same owner for 30 years, this property has consistently attracted strong tenant demand and has experienced minimal vacancies. Each unit features off-street parking, in-unit washer and dryer, and a generous outdoor space - a porch downstairs and balcony upstairs - rare and welcome amenities for this neighborhood! The downstairs unit, currently rented for $2,600, went through a complete renovation in 2021 with solid oak hardwood floors, granite countertops, custom cabinetry, updated HVAC, and a stylish bathroom with a Jack and Jill layout. The upper unit is in good condition and offers a bright, functional layout along with a generous private balcony. The unit is currently rented for $2,250 per month, providing immediate income with established tenancy. Current leases expire on June 30 Zoned HU-B1, the property allows for a variety of residential and commercial uses, offering flexibility and long-term value in a mixed-use neighborhood. With strong existing rents, separate utilities, and an unbeatable Uptown location just steps from the streetcar line, this duplex presents a rare opportunity to acquire a high-performing asset in one of New Orleans' most sought-after areas.

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