700 Leboeuf Street, New Orleans, LA 70114

Great investment opportunity just three blocks outside of historic Algiers Point at the corner of picturesque Opelousas Avenue and LeBoeuf Street. The second-floor residential units – both 2-bedroom/1 bath – are already income-producing, while the first-floor commercial space is ready for new tenants. Zoned HU-RD2, the downstairs space is outfitted for commercial use complete with a reception area, 4 spacious private offices, 2 restrooms, and a cozy kitchenette, but it can be converted to fully residential. This 2-story triplex has ample storage and parking and is situated on high ground in an X Flood Zone. The large, paved backyard is perfect for entertaining or business parking. If you're seeking a comfortable live/work space, you may qualify for a HUD 203K or FannieMae Homestyle Loan. An income-producing venture, you can live in one unit and let the rental income pay the mortgage. The zoning designation allows for a mixed-use, providing the freedom to adapt the space to suit your … read more …