1204-06 St Andrew St

Great investment opportunity marketed at a 6.5% cap rate (estimate tax/insurance $15,000 per year and 5% vacancy rate). This raised-basement double is located one block from Magazine Street and is zoned HU-RD2. Updates to the property include a new roof installed in 2019, new water heaters and fresh paint. This income producing property includes two large separately metered 3 bd, 2 bth units, plus an attached 1,078 sqft newly renovated 2 bd, 1 bth bonus space with one car garage that features approximately 7.5 ft ceilings, and is on shared utilities. Home is walking distance from Magazine St by popular spots such as Juan’s Flying Burrito, Crack D’ Brunch, and Hotel Saint Vincent. And walkable to the International School of Louisiana and Louise S. McGehee. 24 hour notice for showings, tenant occupied.

Monthly rent of $6,600 includes owner covering utilities.

• Raised-basement double one block from Magazine Street
• HU-RD2 zoning
• Two separately metered 3 bed / 2 bath units
• 1,078 sq. ft. renovated 2 bed / 1 bath bonus space with one-car garage
• Roof replaced in 2019 and new water heaters
• Walking distance to Magazine Street restaurants, shops, and schools