Property Description

Four-unit multifamily property in the heart of Terrytown, offering a rare blend of stable income and owner-occupant flexibility. Each of the four apartments is a spacious two-bedroom, one-bathroom unit, currently generating $1,000 per month in rent for a combined $4,000 per month in gross income. Tenants pay their own electricity, while the owner covers water, keeping operating expenses simple and predictable. Terrytown's convenient West Bank location puts residents close to shopping, dining, schools, and quick access to major commuter routes into New Orleans, which supports consistently strong rental demand. Whether you're a seasoned investor looking to add a dependable cash-flowing asset or a first-time buyer hoping to live in one unit and let the other three help pay the mortgage, this property fits. Because it is a four-unit building, it may also qualify for FHA or VA owner-occupant financing, opening the door to low down payment options for the right buyer.

Property Features