Courtesy of: Ashley Henry, Quintessential Realty, LLC, Askashhen@gmail.com
Courtesy of: Ashley Henry, Quintessential Realty, LLC, Askashhen@gmail.com
$435,000
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Lot: 0.07 Acres
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Other
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$435,000
2638 NEW ORLEANS Street One property, four income streams, endless opportunity. Prime investment opportunity Located in the 7th w/d featuring both income-producing and value-add potential. Liquor License. The ground floor commercial space is currently operating as a bar with rental income of $1, 600/month, with market potential up to $2, 500/month. This versatile space includes two bathrooms and a full kitchen, easy conversion into a restaurant or other food/beverage concept. Upstairs, you’ll find two 2-bedroom, 1-bath units—both in need of renovation—each with a projected rental income of $1, 375/month after updates. Additionally, the property includes a separate 1-bedroom studio unit in a stand-alone house, potential rent $1, 000/month -need renovations. With multiple income streams and opportunities to increase rental rates, this property is investors looking to maximize returns in a sought-after location.
Courtesy of: Ashley Henry, Quintessential Realty, LLC, Askashhen@gmail.com
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