421 S LOPEZ Street
Property Description
Income-producing 4-plex in the heart of Mid-City, just off Banks Street! This property is surrounded by some of the neighborhood's favorite bars, coffee shops, restaurants, and conveniences, including Finn McCool's, Holy Ground, Trader Joe's, The Station Coffee Shop & Bakery, Bayou St. John, the Crescent City Farmers Market, and the Lafitte Greenway making it easy to bike or commute into Downtown. Four separate units with three already occupied offer immediate rental income and flexibility for the next owner. Move into the vacant unit and let your tenants offset your expenses, or lease all four for a fully income-producing investment. New roof in 2025! A secure, interior common entrance and lobby provides an added layer of privacy and security for residents. Outside, the property offers a huge yard plus something especially hard to find in Mid-City: a large garage! The garage offers substantial storage and workspace and could potentially provide an additional rental income stream separate from the residential units. With existing tenants, a desirable central location, generous outdoor space, and multiple opportunities to increase income, this is a solid Mid-City investment with plenty of room to grow.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $475,000 |
| No. of Units: | 3 |
| Year Built: | 2006 |
| Lot Size: | 3,875.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $158,333 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-NOMARLA-2565781
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