5211 Louisiana Avenue

About this property

Value-add 4-family in a strong South City rental pocket with the location, layout, and upside investors look for. Situated on a quiet, tree-lined street near Holly Hills and Carondelet Park, with neighborhood favorites like Chimichanga’s Mexican Restaurant and Stellar Hog BBQ close by, this property offers urban convenience with plenty of nearby greenspace. Two of the four units are currently occupied, giving the next owner immediate income while maintaining the flexibility to begin renovations and improvements on the vacant units right away. Projected market rents of approximately $850–$900/month per unit create an attractive path toward stronger stabilized cash flow and an excellent BRRRR or long-term rental strategy. A rare 3–4 car detached garage at the rear adds additional utility and potential value. Straightforward value-add opportunity in an established rental area with multiple paths to create equity and improve income. Available individually or as part of a package with 5239 Alaska Avenue. Great opportunity for an investor looking to add multiple South City units in one acquisition.