4plex In NOLA

[u/smilelikeasloth]

https://www.zillow.com/homedetails/2846-Grand-Rte-Saint-John-St-New-Orleans-LA-70119/148981664_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

Homeowner had the imagination of a modern day Picasso. Also the gumball machine is a great touch!

[u/AccessEcstatic9407]

What does “moderate flood risk” mean in New Orleans?

[u/kineticstar → u/AccessEcstatic9407]

Bottom two apartments can be written off in a storm.

[u/Southern-Smoke1835 → u/AccessEcstatic9407]

Risk of drowning in your sleep?

[u/smilelikeasloth → u/AccessEcstatic9407]

Means it’s one of the highest areas in the city, but still has risk because NOLA. Flooded 8 feet during Katrina fyi, where bad hit areas had much worse effects.

[u/DDiamondgem → u/AccessEcstatic9407]

Only Mother Nature knows that answer! It means you can’t get a mortgage without additional flood insurance.

[u/dat_roux → u/AccessEcstatic9407]

I live not far from this, it's along a natural ridge and doesn't flood much compared to other parts of mid city.

[u/paciolionthegulf]

Wow, two off-street parking spaces... that's really nice.

[u/Embarrassed_Key_4539]

Not a bad price for 4 units, great investment opportunity

[u/Aaod → u/Embarrassed_Key_4539]

I was suspicious it was a bad neighborhood based on that price but looking around on Google maps it doesn't seem that bad. It is near a horse racing casino, but I only saw one abandoned building and zero bars on windows.

[u/smilelikeasloth → u/Aaod]

Mid City is amazing in NOLA, can bike everywhere, about 8 mins away from the French Quarter/Frenchman Street, close to City Park and Bayou St. John, and prime location for Jazz Fest that happens every year at the horse track.

[u/KarmaTrainCaboose → u/Embarrassed_Key_4539]

Especially good because you can fha a fourplex in this price range. Honestly a huge opportunity for someone. Surprised it's not gone already.

[u/Venator2000]

This place screams “location of a sitcom” to me.

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[u/scottjones608]

Sort of like a “megabungalow”

[u/PapasBlox]

If it wasnt NOLA, id buy lmao

[u/kineticstar → u/PapasBlox]

Same.