2226 Barracks St
New Orleans, LA 70119
4
Bedrooms
3
Bathrooms
2,832
Sq Ft
1920
Year Built
About This Property
Owner Financing Bond for Deed Terms: Down Payment: 10% due at closing, Interest Rate: 5%, Amortization: 30 years, Additional Principal Payment: 10% due at year 2, Balloon Payment: Remaining balance due at year 5 Tenant-occupied multifamily investment opportunity in a prime New Orleans location just off Esplanade Avenue. This historic income-producing property offers current in-place rental revenue of $3,922 per month, off-street parking, and a flexible three-unit configuration. Distinctive architectural character, updated interiors, and strong access to the French Quarter, Fair Grounds, CBD, and other major demand drivers make this a solid opportunity for investors seeking cash flow with long-term upside.
Property Details
Property Type
Multi_family
Year Built
1920
Lot Size
4,748.04 sq ft
HOA
None
Listed Price
$519,900
Owner financing
This listing mentions owner financing. Terms are set by each seller and are negotiable. Verify availability and terms with the seller or their agent.
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Frequently Asked Questions About Owner Financing in New Orleans
What is owner financing for 2226 Barracks St?
Owner financing means the seller of 2226 Barracks St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this New Orleans, LA home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this New Orleans home?
There is no standard down payment. The seller of this New Orleans home sets their own, and it is negotiable. Ask the seller or their agent.