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$350,000
2 Days On Site

5228 NORTH RAMPART Street
New Orleans, LA 70117

For Sale|Quadruplex|Active
8
Beds
4
Total Baths
4
Full Baths
3,080
SqFt
$114
/SqFt
1960
Built
County:
Orleans
Call Now: 985-807-0001
Is this the listing for you? We can help make it yours.
985-807-0001
5228 NORTH RAMPART Street5228 NORTH RAMPART Street5228 NORTH RAMPART Street5228 NORTH RAMPART Street
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Monthly Payment (Est.)

$1,597
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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!

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Listing Snapshot
Price 
$350,000
Days On Site 
2 Days
Bedrooms 
8
Inside Area (SqFt) 
3,080 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1960
MLS® Number 
2558225
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
3 days agoListing first seen on site
3 days agoListing updated with changes from the MLS®
General Features
Cross Street 
Egania Street and Burgundy Street
Foundation 
Slab
Levels 
Two
Parking 
Off StreetParking Lot
Parking Spaces 
3
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
Style 
Traditional
Water Source 
Public
Interior Features
Cooling 
Central Air
Heating 
Central
Laundry Features 
In Unit
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Exterior Features
Construction Details 
Brick
Lot Features 
City LotRectangular Lot
Pool Features 
None
Roof 
Shingle
Listing courtesy of John Anthony Realty LLC

Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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