1019 Common Street

Description

Garden District Investment Opportunity | 6 Income-Producing Units Near Downtown Positioned within the established Garden District, this multi-unit property offers a rare opportunity to acquire a well-maintained, income-producing asset just minutes from the heart of downtown. The property consists of a two-story, five-unit main structure (1019 Common St.), complemented by a detached one-bedroom, one-bath residence (1019 ½ Common St.), bringing the total to six rentable units. Each unit within the main building features a 1-bedroom, 1-bath layout, while the detached rear home provides additional flexibility and consistent rental appeal. Investment Highlights: Proven long-term rental history with steady occupancy 6 total units (5-plex + detached single-family unit) Majority of units currently leased (Units 0, 1, 3, 4, 5 + rear home) Central upstairs laundry area accessible to tenants Additional upstairs room with potential for office, storage, or future value-add opportunity Spacious rear parking area for tenant convenience Recent exterior paint and ongoing interior and exterior improvements over the past several years This property has been consistently utilized as a rental and presents a strong foundation for investors seeking immediate income with upside potential. Whether you’re expanding a portfolio or entering the investment space, this location and layout provide both stability and opportunity in one of the area’s most recognized neighborhoods. Agent remarks and additional details available in private notes.