2831 Palmer Avenue

A traditional raised basement home w/ rental income in the heart of Uptown’s University District in walking distance to Tulane and Loyola Universities and Ursuline School. Closing cost credits available. The property, held in the same family for over 75 years, features a 2nd floor, recently renovated 3 bedroom owner’s residence over two ground floor 2 bed / 1 bath apartments with a rear 1 bedroom garage studio. Very convenient location. Units are under rented with mth. to mth. terms and there are value add possibilities. Tenants are long term w/ very stable occupancy. The 2nd floor owner's Unit, vacant and ready for occupancy, contains 3 bedrooms, a fully equipped kitchen, 2 full bathrooms and rear balcony. There is off street parking and a small landscaped yard in the rear for residents' use. It is ideal for an owner / resident who can take advantage of rental income to defray property expenses.