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Keller Williams Realty New Orleans
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$425,000
1831 N MIRO Street, New Orleans, LA 70119
3 Beds
2 Baths
1,882
sq ft
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$425,000
1831 N MIRO Street, New Orleans, LA 70119
Estimation provided by Keller Williams Realty Inc.
3 Beds
2 Baths
1,882
sq ft
Active
For Sale
Property Description
HOW DOES 9.3% CAP RATE AND 18.3% PRO FORMA SOUND? Thank you for viewing, you will also be able to see pictures of the portfolio in this listing. Please read all public remarks! This beautifully renovated single family home built in 1928 is being sold fully furnished and can be utilized as a corporate/vacation home just 2 miles to the fabulous French Quarter offering the perfect location for your enjoyment and comfort. This home has approximately 1,900 square feet and features 3 bedrooms, 2 full bathrooms, spa tub, and two living rooms that can also be used as an additional bedroom. Indoor laundry, screened-in patio complete with BBQ grill, all within a 20-minute walk to Jazz Fest Fair Grounds this home provides easy access to some of the most vibrant attractions in the area. Thoughtful updates make it a perfect blend of old-world elegance and contemporary convenience. Here is a unique opportunity to own a piece of the city's rich history while enjoying all the amenities and cultural attractions the area has to offer. This profitable rental portfolio includes 2 doubles, 1 single-family home, 1 four-plex, and 3 fully furnished single-family corporate rental properties, collectively generating a minimum annual income of $260,400. Nestled in a city renowned for its jazz music, vibrant festivals, creole cuisine, and rich culture, these properties offer immense potential. With rental increases and optimization of the corporate rentals, the portfolio's income could rise to approximately $512,000 annually. All future bookings will transfer with the sale, ensuring immediate income for the new owner. Each property has been meticulously renovated, offering a turnkey investment opportunity. Offered at $2.8 million, this portfolio represents a rare opportunity in a thriving market. Prospective buyers must sign a confidentiality agreement and provide proof of funds or bank approval. Measurements are deemed reliable, and are approximate and not guaranteed by agent, broker, or seller and should be verified during due diligence. This listing includes pictures of MLS#2461653, MLS#2461661, MLS#2461161, MLS#2461163, MLS#2461658 and MLS#2461662 which are part of this portfolio
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