Owner Finance Available
5823-5829 Tullis Dr
New Orleans, LA 70131
🛏️
12
Bedrooms
🚿
8
Bathrooms
📏
5,220
Sq Ft
📅
1980
Year Built
New Orleans, LA 70131
12
Bedrooms
8
Bathrooms
5,220
Sq Ft
1980
Year Built
This 4-unit multifamily property delivers strong in-place cash flow at $47,220 annual gross rent, with significant rent growth potential to $79,200 annual gross rent. The property already meets DSCR loan thresholds and offers a clear path to strong returns once stabilized. This 4-plex totals 5,220 of livable sq ft, consisting of four 3BR / 1.5BA units averaging 1,305 SF for each unit. Currently, there are 3 units with term leases and 1 unit vacant. All units include in-unit laundry hookups, private yards, and off-street parking for two vehicles. 8 off-street parking spots available. Located in Tall Timbers subdivision, this asset provides a family-friendly layouts great for long-term tenants. With seller financing options available, minimal deferred maintenance, and four separately deeded assets, investors gain both income stability and exit flexibility in one of New Orleans most resilient rental markets.
Property Type
Multi_family
Year Built
1980
HOA
None
Listed Price
$450,000
Free account - No credit card required
Owner financing means the seller of 5823-5829 Tullis Dr acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in New Orleans, LA is available with owner financing terms.
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
Down payment terms are negotiable. Sign up for free to get the specific financing details for this New Orleans property.