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5228 NORTH RAMPART ST, New Orleans, LA 70117
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5228 NORTH RAMPART ST, New Orleans, LA 70117
5228 NORTH RAMPART ST, New Orleans, LA 70117
5228 NORTH RAMPART ST, New Orleans, LA 70117
5228 NORTH RAMPART ST, New Orleans, LA 70117
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Anthony Hietbrink

Anthony Hietbrink

+1(504) 407-9237
$ 350,000
Est. payment /mo
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5228 NORTH RAMPART ST New Orleans, LA 70117

8 Beds

4 Baths

3,080 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,080 sqft

Price per Sqft $113

MLS Listing ID 2558225

Style Traditional

Bedrooms 8

Full Baths 4

Construction Status Excellent

HOA Y/N No

Year Built 1960

Property Sub-Type Quadruplex

Property Description

Exceptional investment opportunity to own four well-maintained four-plexes being sold together as a package deal! All four buildings are situated on the same plot of land and include 912 Egania Street (MLS 2558217), 926 Egania Street (MLS 2557802), 5229 Burgundy Street (MLS 2558223), and 5228 North Rampart Street (MLS 2558225). $350K per building. These solid brick/masonry buildings have been meticulously cared for and are in excellent condition inside and out. The properties feature newer roofs less than five years old, beautifully maintained grounds, and spacious units that reflect true pride of ownership. Interior features include a combination of beautiful hardwood and ceramic tile flooring throughout the units, adding both durability and timeless appeal. All units are uniform in size, offering consistency and ease of management for owner occupants and investors alike. All units are fully occupied with residents, providing immediate rental income from day one. All four buildings are electric, and each unit has its own electric meter and water meter, making property management more efficient, simplistic, and convenient. Included in the sale are all appliances including refrigerators, stoves, built-in microwaves, and dishwashers, making this a true turnkey investment opportunity. While the properties are currently leased below market rent, there is significant upside potential for increased cash flow. Given the outstanding condition of the buildings and the strong rental demand in today's market, investors have the opportunity to substantially increase rental income over time. This is a rare opportunity to own an impressive multi-family portfolio on valuable New Orleans real estate. Whether you are looking to expand your investment portfolio, generate long-term passive income, or obtain appreciating assets in a thriving market, these properties offer tremendous value and future potential. Don't miss out on this incredible investment. Schedule your showing today!

Location

State LA

County Orleans

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry In Unit

Exterior

Exterior Feature Fence

Parking Features Off Street, Parking Lot, Three or more Spaces

Pool None

Water Access Desc Public

Roof Type Shingle

Building

Lot Description City Lot, Oversized Lot, Rectangular Lot

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

Construction Status Excellent

Others

Tax ID 5228-NRAMPARTST

Special Listing Condition None

Virtual Tour https://504-real-estate-media-1.aryeo.com/sites/eppvjqpw/unbranded

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by John Anthony Realty LLC
Anthony Hietbrink

Anthony Hietbrink

Rêve | Realtor | License ID: SALE.995699226-ACT

+1(504) 407-9237

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5228 NORTH RAMPART ST