1616 Eagle Street, New Orleans, LA 70118

Step into a rare Uptown investment that checks every box for performance, stability, and long-term upside. This fully leased 4 unit property is a true cash cow, generating a combined monthly income of $5,398 with all four tenants in place and paying on time. NONE of the Units are Subsidized ~ NONE. Each Tenant pays their own rent timely!! Opportunities with this kind of return are scarce, especially in a neighborhood this sought after.<br><br> The property spans two separate buildings on an oversized 45' by 120' lot with coveted off street parking.<br> • Front building: (two)one bedroom one bath units, each leased at $1,400 per month<br> • Rear building: (two) one bedroom one bath units, each leased at $1,299 per month<br><br> Tenants enjoy simple living with water & electricity included, making these units extremely easy to lease and maintain. Investors enjoy strong, predictable income and a high cap rate that outperforms most multi-family opportunities in this price … read more …