Investment opportunity at 815?817 Sumner featuring a well-maintained duplex with immediate income and significant upside potential in a great location. The property includes an additional detached structure of approximately 1,100 sq ft. This property delivers a compelling combination of existing income, extensive updates, and future development potential. Looking to scale cash flow and build long-term equity? One unit is currently tenant-occupied at $1,338/month (lease through October 31), offering stable cash flow from day one. The property is also eligible for a HANO 3-bedroom voucher, creating strong potential for consistent, reliable rental income. this space could potentially be converted into one or two additional rental units, with an estimated $1,500/month in added rental income, significantly increasing overall cash flow and return on investment. ------------------ This asset has undergone major capital improvements, including roof work, plumbing upgrades, repaired A/C, new windows, updated flooring, and new tile in the kitchen. Additional enhancements include freshly painted cabinets, new blinds, updated ceiling fans, new exterior lighting, new switch covers, new toilet, and a new refrigerator. See agent notes on foundation. ***Willing to share inspection information.*** The 817 unit features a new stove (2026), and gas service on the 815 side. ------------------ Both units offer washer/dryer hookups, with additional double hookups located in the backyard flex building, adding convenience and tenant appeal. ------------------ Separated electricity and gas but one water meter overall. Back unit is tied to the vacant, 817 side. ----
Listed By
Agency Name: The Investment House
Agency Phone: (504) 779-0192
Shown By
Agency Title: Suzette Hubbell
Agency Phone: (985)249-1151
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815 17 Sumner Street, New Orleans, LA 70114.
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815 17 Sumner Street | MLS# 2548722
This multi-family property located at 815 17 Sumner Street, New Orleans, LA 70114 is currently listed for sale with an asking price of $265,000. Search New Orleans real estate on www.suzettehubbell.com today.