Property Description

Secure an income producing asset with deep roots in the Carondelet market. This circa 1870's two-family residence offers a rare combination of historic character and long-term stability, having been meticulously maintained by the same family for over 100 years. Perched on a hilltop, the property provides unique Mississippi River views and a commanding presence that sets it apart from standard inventory. For the investor looking to scale or solidify a portfolio, the operational setup is turnkey. The property features two 1-bedroom units designed for maximum efficiency. One unit is currently occupied by a month-to-month tenant, ensuring immediate cash flow from day one. The second unit is vacant and move-in ready, allowing for immediate market-rate leasing or a value-add refresh to further drive NOI. This is a clean, well-preserved building that reflects a century of pride in ownership. It offers the structural integrity of a legacy asset with the flexibility to modernize and capture higher rents. To streamline the transaction, the seller prefers an As-Is sale on a Special Sales Contract. Capitalize on this rare opportunity to acquire a historic income-producer with an unbeatable vantage point.

Property Features

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