700 Milan Street, New Orleans, Louisiana, 70115
$439,999
3,148 Sqft
6 bd
3 ba
#2582541
Seller offeeing $15,000 in concessions. Enjoy the best of Uptown with Magazine Street shopping, coffee and restaurants just moments away! Including nearby La Petite Grocery, put local favorites within easy reach. Laurence Square offers nearby green space, while grocery stores, Tipitina's and access to the St. Charles streetcar enhance the location's appeal. Downtown, the Warehouse District, Tulane and Loyola Universities are also accessible. No HOA. Reported flood designation is X500; buyer to verify.Come see the possibilities! Showings require at least 48 hour notice. This triplex at 700 Milan Street features 6 bedrooms, 3 bathrooms and approximately 2,728 square feet.Major updates include a roof replaced in 2022, new windows in April 2025, and new electrical service and breaker panels in spring 2026. Unit 702 received a new water heater in 2025, and Unit 4209 has three new window air conditioners. For investors, all three units are occupied by longtime tenants, with current rent reported at $925 per unit. Increase happening in January 2027. Recent improvements may help reduce some maintenance needs, while proximity to dining, shopping and transportation supports rental potential. Buyers should review leases, expenses and property condition when evaluating long term value. Future income and appreciation are not guaranteed. Buyers considering personal occupancy should verify lease obligations and possession timing. Investors may explore potential rents, subject to verification through current comparable rentals, unit condition and existing lease terms. Personal occupancy may also be an option, subject to existing leases.Information deemed reliable but not guaranteed. Buyer to verify all details.
PROPERTY FEATURES
- Utilities : Cable Available, Electricity Available, Electricity Connected, Natural Gas Not Available, Sewer Available, Sewer Connected, Water Available, Water Connected, Phone Available
- Water Source : Public
- Sewer : Public Sewer
- Community Features : Sidewalks
- Parking Features: Off Street
- Fencing : Wood
- Road Frontage Type : City Street
- Architectural Style : Other, Shotgun
- Cooling on Property:
- Cooling: Window Unit(s)
- Heating on Property:
- Construction Materials: Vinyl Siding
- Roof: Shingle
- Road Surface Type: Asphalt
- Appliances : Electric Range, Refrigerator
- Windows Features: Insulated Windows
- Flooring : Wood
- Laundry Features : Electric Dryer Hookup, Washer Hookup, In Unit
- Other Structures: Shed(s)
PROPERTY DETAILS
ID: 2582541
Status: Active
Price: $439,999
Type: Multi-family
Address: 700 Milan Street
City, State: New Orleans, Louisiana
County: Orleans
Zip Code: 70115
Lat/Long: 29.919048, -90.09912
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