Homes for sale - 3304 METROPOLITAN ST, New Orleans, LA 70126

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Joey Walker

joeywalker.reve@gmail.com +1(504) 610-5637

$ 345,000

Est. payment | -/mo

8 Beds

5 Baths

2,996 SqFt

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$ 345,000

Est. payment | -/mo

Save

8 Beds

5 Baths

2,996 SqFt

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,996 sqft

Price per Sqft $115

MLS Listing ID 2537623

Bedrooms 8

Full Baths 4

Half Baths 2

Construction Status Excellent

HOA Y/N No

Year Built 2023

Lot Size 5,222 Sqft

Acres 0.1199

Property Sub-Type Townhouse

Property Description

INVESTOR ALERT: TURNKEY CASH FLOW + LOW MAINTENANCE + NEWER CONSTRUCTION = the kind of asset that's hard to find in New Orleans—this LIKE NEW 2023 double delivers TWO large, tenant occupied units (approx. 2,996 sq.ft. total | 8 beds | 4 full baths + 2 half baths) built for durability and rentability, featuring bright NATURAL LIGHT, a true OPEN FLOOR PLAN, stylish updated kitchens with STONE COUNTERTOPS, and modern finishes that keep demand high and turns low; value adds you can underwrite with confidence include ENERGY SAVING WINDOWS, TANKLESS HOT WATER, CENTRAL HVAC, a RAISED foundation, and OFF STREET PARKING (+) all designed to reduce surprise capital expenses and protect long term returns, while the PRIME location puts you minutes to the French Quarter and Downtown for consistent tenant pull. At $345,000 with in place rents of $1,880 + $2,057 (= $3,937/mo | $47,244/yr), you're looking at an attractive GRM of ~7.3 and a gross cap rate of ~13.69% (gross)—a READY TO PERFORM, income producing duplex positioned for reliable cash flow today and strong appreciation potential tomorrow.

Location

State LA

County Orleans

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Driveway, Off Street

Water Access Desc Public

Roof Type Shingle

Building

Lot Description City Lot, Rectangular Lot

Dwelling Type Townhouse

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Excellent

Others

Tax ID 39W714728

Special Listing Condition None

Gulf South Real Estate Information Network (NOMAR IDX Plus)

Listed by REVE, REALTORS

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Joey Walker

Broker-Owner | Lic# 995699523

joeywalker.reve@gmail.com

+1(504) 610-5637

4827 Prytania St. New Orleans, LA, 70115

3304 METROPOLITAN ST New Orleans, LA 70126

Joey Walker

Key Details

Location

Interior

Exterior

Building

Others

3304 METROPOLITAN ST