High-Performing Multifamily Investment Generating Immediate Cash Flow. This 16-unit multifamily portfolio delivers strong in-place cash flow at $182,580 annual gross rent, with significant rent growth potential to $316,800+ annual gross rent. The property already meets DSCR loan thresholds and offers a clear path to strong returns once stabilized. Each 4-plex totals 5,220 of livable sq ft, consisting of four 3BR / 1.5BA units averaging 1,305 SF for each unit. Currently, there are 11 units with term leases and 5 units vacant. All units include in-unit laundry hookups, private yards, and off-street parking for two vehicles. 32 off-street parking spots available. Located in Tall Timbers subdivision, this asset provides a family-friendly layouts great for long-term tenants. Each 4-plex can be sold separately at $450,000 for each property. With minimal deferred maintenance, and four separately deeded assets, investors gain both income stability and exit flexibility in one of New Orleans' most resilient rental markets.
Listed By
Agency Name: Corporate Realty Leasing Company
Agency Phone: (504) 581-5005
Shown By
Agent Name: Suzette Hubbell
Agent Phone:
Agency Title: Suzette Hubbell
Suzette Hubbell Suzette Hubbell
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5771-5829 Tullis Drive | MLS# 2531070
This multi-family property located at 5771-5829 Tullis Drive, New Orleans, LA 70131 is currently listed for sale with an asking price of $1,540,000. Search New Orleans real estate on suzettehubbell.suzettehubbell.com today.