$370,000
Estimated Payment$1,747/mo
Multi-Family For Sale
Under Contract

1223 Monroe Street, New Orleans, LA 70118

4Beds
2,400Sq. Ft.
1-Story Multi-Family Home In Leonidas

Cash Cow Investment Property! Zoned Hu-Mu where Air BnB is allowed! 4 Units with Shared Laundry Room Unit. Fully leased out! Rents could easily increase by $400 total per month. Features 3 One Bedroom/One Bath units, and 1 Two Bedroom/One Bath Unit. On-site Coin Operated Laundry Room which can bring in additional $170 per month. One block from Oak Street and blocks to Carrollton Ave. 4 Electric Meters and 1 Water Meter. Water bill averages about $220 per month. 3 Tenants on Month to Month Leases .

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1223 Monroe Street
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Location
1223 Monroe Street New Orleans, LA 70118
Home Details

Listing Details

General

  • Total Number of Units: 4

    Interior Details

    Utilities

    • Cooling Details: Central Air
    • Heating Details: Central

    Rooms

    • Full Bathrooms: 4

      General

      • Water Source(s): Public

        Property Details

        General

        • Stories: 1, One
        • Pool: Yes
        • Lot Features: City Lot, Rectangular Lot
        • Water Source(s): Public
        • Accessibility Features: Accessibility Features

        Construction Details

        • Roof: Shingle
        • Foundation Details: Slab
        • Architectural Style: Other
        • Construction Materials: Stucco

        MLS Details

        General

        • Days on Homes.com: 53
        • MLS Number: 2324044
        • Listed: 12/4/2021
        • Last Updated: 1/21/2022
        • Offered By: Nola Home Realty Group
        • Listing Source: Gulf South Real Estate Information Network
        Monthly Payment Calculator

        $1,747

        Estimated Mortgage
        Principal & Interest
        $1,248
        Insurance
        $130
        Taxes
        $370
        Mortgage Insurance
        $0
        i
        Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
        i
        If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
        Nearby Schools
        • Hynes Charter School
          Class size: 14Distance: 4.08 mi
        • Lusher Charter School
          Class size: 14Distance: 0.84 mi
        • Elanor McMain Secondary School
          Class size: 15Distance: 1.50 mi
        Points of Interest

        Airports

        Distance
        • Louis Armstrong New Orleans International
          12.4 mi

        Colleges

        Distance
        • Tulane University
          1.5 mi
        • Loyola University, New Orleans
          1.7 mi
        • Xavier University of Louisiana
          2.5 mi

        Military Bases

        Distance
        • New Orleans Naval Support
          9.6 mi

        Parks and Recreation

        Distance
        • Audubon Insectarium
          2.1 mi
        • Audubon Zoo
          3.0 mi
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        Listing Agent
        Melissa McClendon
        Nola Home Realty Group
        New Orleans, LA
        Continue Your Search

        $370,000

        4 Beds2,400 Sq. Ft.

        1223 Monroe Street

        New Orleans, LA 70118

        Melissa McClendon
        Nola Home Realty Group