15 photos
$535,000
3215 Dryades St
New Orleans, LA 70115
Mason McCullough, Bridgewater Realty Advisors, LLC · (504) 298-8631
What the listing says
SELLER FINANCING - 6%, 30 year Amortization, 5 yr Balloon. Bridgewater Realty Advisors is pleased to present 3215 Dryades Street, a well-maintained six-unit multifamily property located in the desirable Central City neighborhood of New Orleans. The asset consists of six (6) one-bedroom, one-bathroom units, each offering a thoughtful blend of modern conveniences and comfortable, functional living space. $5,850/month gross income. This property is ideally suited for investors seeking a true turnkey multifamily opportunity. The asset has historically maintained strong occupancy and offers upside potential through future rental rate growth, making it a compelling addition to a long-term investment portfolio. Situated in a highly sought-after Central City submarket, the property provides stable cash flow and long-term security, with the added benefit of being acquired below replacement cost. Further enhancing its appeal, the offering includes attractive seller financing with 20% down, a 30-year amortization, a 3 5 year balloon, and a negotiable interest rate, positioning this investment as both resilient and flexible for qualified buyers. The information provided herein has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy or completeness of the information.
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Multi_family
Lot Size
4,800.312 sq ft
HOA
None
More owner-financed homes near New Orleans
Questions about owner financing in New Orleans
What is owner financing for 3215 Dryades St?
Owner financing means the seller of 3215 Dryades 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.