1614 Reverend John Raphael Jr Way, New Orleans, LA 70113

Description

**Investor Alert! Turnkey Duplex with Strong Income Potential!**Live in One Side & Collect $1,500/Month From the Other!Excellent opportunity for an owner-occupant or investor just streets from St. Charles Avenue. This updated New Orleans double features two 3-bedroom, 2-bath units, with one unit currently leased through HANO at $1,500 per month, with approximately 8 months remaining on the lease. The second unit is vacant, move-in ready, and available for an owner-occupant or new tenant.The property has undergone extensive updates, including the roof, electrical, plumbing, kitchens, bathrooms, flooring, drywall, siding, and windows. Each unit has its own electrical meter and window A/C units, and includes a refrigerator and stove.For an investor, leasing the vacant unit at $1,500/month would provide projected gross rental income of $3,000/month or $36,000 annually. For an owner-occupant, the vacant 3-bedroom, 2-bath unit provides the opportunity to move in while immediately collecting $1,500/month from the neighboring unit to help offset housing expenses.Additional features include a fenced backyard, on-street parking, separate entrances, and a convenient location just streets from St. Charles Avenue with easy access to Downtown New Orleans and surrounding amenities.Whether you’re looking to house hack, expand your rental portfolio, or own a double with immediate existing income, this property offers flexibility that is increasingly difficult to find!!!