2242 State St, New Orleans, LA 70118

Description

Rare opportunity to own a HIGH INCOME PRODUCING property set on an Uptown historic street CANOPIED by LIVE OAK TREES! Generating $7,500 A MONTH OF REVENUE this updated duplex is an ideal investment in a PRIME location & coveted Flood Zone X. Major capital improvements include ~ 3-YEAR OLD ROOF (2023), NEW under house ~15 ft sewer line (2021) & FOUNDATION work (2022), HWH 2026. Both units come FULLY EQUIPPED w/stainless steel appliances (dishwashers, microwaves, stoves, refrigerators) & IN-UNIT washers & dryers! Charming FLOOR TO CEILING front windows fill the home with plenty of natural light, offering a stunning glimpse of the elegant CRYSTAL chandelier illuminating the upstairs foyer w/original wood floors, faux brick fireplace, beautiful cabinetry, stunning granite counters & BAR ISLAND SEATING. The downstairs unit features vinyl flooring & windows, and a RENOVATED kitchen w/white shaker cabinets, black granite counters & large stainless-steel sink. Spanning STREET-TO-STREET, this oversized lot boasts a spacious fenced-in yard with rear access and DUAL ENTRY PARKING—accommodating approximately 5 vehicles across both front & rear spaces via direct access from State Street or Magnolia Street. TWO of 4 bathrooms are NEW additions & only 2 years old w/OVERSIZED walk-in showers. 3rd bath is renovated with MARBLE basketweave floor tile & white SUBWAY tub tiles. Each unit enjoys direct access to its own private outdoor space, featuring an expansive upper WOODEN DECK & COVERED PATIO below, all opening up to a large, shared yard & storage shed. Only 3 BLOCKS TO Tulane University, 0.5 mile to STREETCAR stop 0.7 mile to AUDUBON PARK, 0.9 mile to TRADER JOE’S, near amazing restaurants & more! Tenant occupied: ALL appointments require a minimum 24-hour notice through ShowingTime. Offer MUST include provided verbiage in agent remarks stating Buyer agrees to ASSUME the current leases at closing. Accepted offer based on the attached Property Disclosure & reports (total 67 pgs).