Judy Nicaud
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo
5771-5829 TULLIS Drive, New Orleans, LA 70131 Photo

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5771-5829 TULLIS Drive New Orleans, LA 70131
$1,600,000
Active / MLS# 2531070 / Multi Unit - Multiple / New Orleans
48 Beds
16 Baths
16 Half Baths
20880 SqFt

High-Performing Multifamily Investment Generating Immediate Cash Flow. This 16-unit multifamily portfolio delivers strong in-place cash flow at $182,580 annual gross rent, with significant rent growth potential to $316,800+ annual gross rent. The property already meets DSCR loan thresholds and offers a clear path to strong returns once stabilized. Each 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 11 units with term leases and 5 units vacant. All units include in-unit laundry hookups, private yards, and off-street parking for two vehicles. 32 off-street parking spots available. Located in Tall Timbers subdivision, this asset provides a family-friendly layouts great for long-term tenants. Each 4-plex can be sold separately at $450,000 for each property. 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.

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Estimated Payment

$ 9,883.28 per month $8,949.95 Principal & Interest $0.00 Property Tax (data not provided by mls) $933.33 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Home Style: Mixed Use, Traditional
Lot Size: 0.75 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0

Feature Descriptions

Days on Site: 115
Exterior: Brick, Vinyl Siding, Wood Siding
Laundry: In Unit
Lot: City Lot, Oversized Lot
Lot Dimensions: 240x136
Parking: Driveway, Off Street, Three or more Spaces
Property Condition: Very Good Condition
Sewer: Public Sewer
Units: 16
Water: Public

Listed By / Shown By

Listed By

Agency Name: Corporate Realty Leasing Company
Agency Phone: (504) 581-5005
Agent Name: Lawless Turner

agent picture

Shown By

Agent Name: Judy Nicaud
Agent Phone:
Agency Title: Compass

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