Filters Reset
Save Search
0 Properties
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 714,900
Est. payment /mo
Price Dropped by $2K
2714 MILAN ST New Orleans, LA 70115
9 Beds
6 Baths
5,749 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,749 sqft
Price per Sqft $124
MLS Listing ID 2559886
Style Craftsman
Bedrooms 9
Full Baths 5
Half Baths 1
HOA Y/N No
Year Built 1907
Acres 0.14
Lot Dimensions 51-120
Property Sub-Type Quadruplex
Source ROAM MLS
Land Area 5749
Property Description
EXCELLENT RETURNS INVESTMENT OPPORTUNITY in the heart of New Orleans' highly desirable Freret Corridor. This renovated, fully occupied 4-plex is currently generating $6,700/month — $80,400 in annual gross rental income — representing approximately 11.15% GROSS YIELD before operating expenses.The property offers approximately 5,749 living sq ft across four units: (2) 2-bed/1-bath, (1) 2-bed/2-bath and (1) 3-bed/2-bath. All units are tenant occupied, with two currently month-to-month, providing immediate income with future flexibility.Originally built in 1907 and thoughtfully renovated, the property combines historic New Orleans character with modern functionality. Spacious layouts, high ceilings, attractive curb appeal and substantial updates provide an appealing combination of established income and reduced immediate renovation needs.LOCATION ADDS TO THE INVESTMENT STORY — just a few short blocks from Trader Joe's and the popular Freret St Corridor, with convenient access to Ochsner Baptist, universities, dining, shopping and entertainment.For experienced investors comparing opportunities across asset classes, 2714–20 Milan offers a compelling combination of IN-PLACE CASH FLOW, four income-producing units, a strong rental location and long-term appreciation potential. Additional opportunity may exist through future rent optimization. X flood zone; buyer to verify flood designation, insurance, expenses and all financial information.Financial information available upon request. Shown by appointment only for occupied units. Proof of funds or preapproval requested with offers. Some photos have been virtually staged.
Location
State LA
County Orleans
Area 0.14
Interior
Cooling Central Air, Window Unit(s)
Fireplace No
Exterior
Parking Features Off Street
Utilities Available Natural Gas Not Available
Garage No
Building
Lot Description Other
Foundation Raised
Water Public
Architectural Style Craftsman
New Construction No
Others
Tax ID 614334213
Virtual Tour https://www.corelistingmachine.com/tour/titan/?id=9178825&version=unbranded&
Listed by United Real Estate Partners
GET MORE INFORMATION
Mortgage Calculator
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!