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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33413703
33413692

1824 Allen Street, New Orleans, LA 70116

$149,000
1 day on market
Updated 1 day ago

1824 Allen Street

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 1,270
Net Rentable (SqFt) 1,270
Cap Rate 11.06%
NOI $16,474
Occupancy 100%
Tenancy Single
Rent Bumps No
Pro-Forma Cap Rate 11.81%
Pro-Forma NOI $17,600
Price per SqFt $117
Class B
Year Built 1983
Year Renovated 2023
Buildings 1
Lot Size (SqFt) 1,710
Zoning Residential
Investment Type Stabilized

SFR Near Treme and French Quarter 3 bed 2 bath

Investment highlights

Valued at $173K but Asking $149K Why?

Well, the Seller agreed to price it lower to give you some reasonable equity on Day One!

What are the numbers?

For investors paying 20% down, your mortgage would be around $1050 a month. (this estimate includes tax and insurance for the area) (This is an estimate only. Your lender will provide your own numbers)

Priced to make it profitable for investors - Rent at $1650 a month (average rent for traditional 12 month leases of 3 bed in this area) - Mid Term and STR earn $2,000 - $2,500 a month on average.

1824 Allen St

Steps to Treme and the French Quarter

3 Bedrooms

2 Bathrooms

Currently leased at $1680

The current tenant is scheduled to move in August 2026. So you could keep it as a rental home or make it your own home!

Text me - 504-535-4353 for the details.

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$16,474.00
$1,372.83/mo

Valuation Metrics

0
DSCR
11.06%
Cap Rate
11.06%
ROI

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