5211 Louisiana Avenue
Property Description
Value-add 4-family opportunity in a strong South City rental pocket! 2/4 units occupied and ready for its next chapter, 5211 Louisiana gives a new owner the flexibility to begin renovations and lease-up immediately or make the renovations while collecting rent from two of the units. The property sits on a large lot on a quiet, tree-lined street with a large rear garage 3-4 cars, providing valuable off-street parking. Straightforward updates could position the units for approximately $850-$900/month in rent, making this an excellent BRRRR, buy-and-hold, or value-add rental opportunity. Enjoy classic South City living with plenty of greenspace nearby at Holly Hills and Carondelet Park, plus neighborhood favorites including Chimichanga's Mexican Restaurant, Stellar Hog BBQ, and St. Cecilia's famous fish fry. Great combination of location, rental potential, parking, and immediate upside. Available individually or as part of a package with 5239 Alaska Ave A rare 3-4 car detached garage at the rear adds additional utility and potential value. Straightforward value-add opportunity in an established rental area with multiple paths to create equity and improve income. Available individually or as part of a package with 5239 Alaska Avenue. Great opportunity for an investor looking to add multiple South City units in one acquisition.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $189,900 |
| Year Built: | 1925 |
| Lot Size: | 3,888.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 1 |
| Number of Bathrooms: | 1 |
ID: 3yd-MARISMO-26055105
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