2933 Pine Street
New Orleans, LA 70125
- 8 beds
- 6 baths
- 3,908 sqft
- $157 per sqft
- 1970 build
Welcome to 2933 Pine Street, a two-story 4-plex situated in the charming Fountainbleau area of New Orleans, right next to the esteemed Dominican High School. This property presents a phenomenal opportunity for both seasoned and budding investors. Listed by its owner/agent. Built with symmetry and style, each of the four units mirrors its counterpart, offering a consistent and pleasing layout. The two ground-floor shotgun units feature 2 bedrooms and 2 bathrooms each, while the upper shotgun units mirror this configuration with one bath and a rear deck. All units boast modern conveniences, including washer and dryer hookups and central HVAC systems to ensure year-round comfort. Recent updates include a substantial renovation around 2015 and the addition of sleek hardwood floors in the lower units in 2018. Currently, all four units are rented, generating stable income with the highest rent reaching $1,450 per month. One unit comes with off-street parking for one car. A detailed rent roll is available to prospective buyers, illustrating the property’s lucrative potential. For investors looking to maximize their leverage, this property may be eligible for 3.5% down financing through FHA. Additionally, the seller is offering the possibility of financing the purchase via a bond for deed with attractive terms for the right buyer. Alternatively, you might choose to occupy one unit yourself and let the rental income from the other three cover your mortgage— a smart strategy for anyone looking to make their investment even more affordable. Don’t miss out on this exceptional opportunity to own a piece of New Orleans’s vibrant real estate market. Whether you’re expanding your portfolio or stepping into the world of investment for the first time, 2933 Pine Street offers both a great opportunity and a touch of Southern charm.
Listing courtesy of GSREIN / eXp Realty, LLC
Last checked:
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Last updated Oct 28, 2024
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MLS# 2473740 —
The Building
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Year Built:1970
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Construction Materials:Stucco, Vinyl Siding
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Building Area Source:Appraiser
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Roof:Asphalt
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Foundation:Raised
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Exterior Features:Balcony, Courtyard, Porch
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Patio Features:Balcony, Porch
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Levels:Two
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Stories:2
Interior
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Living Area:3908
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Living Area Source:Appraiser
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Laundry Features:In Unit
Financial & Terms
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Home Warranty:No
Location
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Cross Street:Pine and Fig
The Property
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Parcel Number:2933-PINEST
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Property Type:Residential Income
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Property Subtype Additional:Quadruplex
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Property Subtype:Quadruplex
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Property Condition:Average Condition
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Lot Features:Corner Lot, City Lot
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Lot Size Dimensions:42 x 120
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Lot Size Area:0.116
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Lot Size Acres:0.116
Listing Agent
- Contact info:
- Agent phone:
- (337) 522-7554
- Office phone:
- (337) 522-7554
Taxes
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Tax Lot:X/125
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Tax Legal Description:1. MARLYVILLE SQ 11 LOT X PINE AND FIG 42X120 2933-39 PINE ST 4-PLEX-W FILE #92337 1/07
Beds
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Bedrooms Total:8
Baths
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Full Baths:6
The Listing
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Current Price:$615,000
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:Yes
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Cooling:Central Air
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Cooling:Yes
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision Name:Not A Subdivision
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Pool Features:None
Parking
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Parking Features:Driveway, Off Street, One Space
Extra Units
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# of Units Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/28/24
Oct 28, 2024
|
Listed / Active | GSREIN | $615,000 |