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$395,000   Price Analysis
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3121 47th St
Metairie, LA 70001
Unknown bed 0 bath 1,550 SqFt ($254/SqFt)
5,760SqFt lot. Built 1960
Listed 2024-06-19, Taxes $3,956
Ⓧ USDA Ineligible
due to location

near Metairie

Charming Cottage PLUS a detached apartment/mother-in-law suite!

* Has Contingent Offer *

Move right into this recently updated property and immediately start offsetting your living expenses with rental income (currently $1 , 200/month) from the detached apartment. Or, add ths to your portfolio and rent BOTH units to benefit from strong rents and continued growth in the Old Metairie area! Located a few blocks from lively shopping, dining and entertainment options along Metairie Road, this property offers both convenience and privacy with separate driveways, separate electric and gas meters and private fenced yards for each unit.

Inside, both units have hardwood floors, new appliances and numerous recent upgrades, including a renovated kitchen with marble countertops, an updated bathroom, fresh paint throughout and more in the main house and plumbing updates, new exterior siding, fresh paint throughout and new ductwork in the detached apartment. With easy access to the interstate, commuting anywhere in the city is a breeze. Don't miss this opportunity in Flood Zone X!


Presented by GiGi Burk at
Burk Brokerage.
Listing Agent Photo

Property MLS #NAB24003633 from GreaterSouthern

Lot Description: Regular Lot
Lot Size Acres: 0.1322314
Lot Size Dimensions: 48 x 120
Lot Size Square Feet: 5760

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2

Gross Income: 14400.00
Gross Scheduled Income: 14400.00

Source Listing Status: Active Under Contract
County: Jefferson
Directions: between Causeway and Ridgelake
Source Property Type: Residential Income
Source Neighborhood: Ridgelake
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 1
Parcel Number: 0820019883
Subdivision: Ridgelake
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$22,030 + $8,850
$30,880
$3,956
2021$22,030 + $8,850
$30,880
$3,674
2020$13,840 + $8,850
$22,690
$2,680
2019$13,150 + $8,850
$22,000
$2,671
2018$13,150 + $8,850
$22,000
$2,494
2017$13,150 + $8,850
$22,000
$2,494
2016$13,150 + $8,850
$22,000
$2,446
2015$8,650 + $8,850
$17,500
$1,993
2014$9,350 + $8,850
$18,200
$2,047
2013$9,350 + $8,850
$18,200
$2,047
2012$9,350 + $8,850
$18,200
$2,047
2011$9,350 + $8,850
$18,200
$1,916
2010$9,350 + $8,850
$18,200
$1,869
2009$9,350 + $8,850
$18,200
$1,869
2008$unknown + $unknown
$18,200
$1,850

Listed 2024-06-19
$395,000
GreaterSouthern
Listed 2024-06-19
$395,000
NewOrleans
Sold 2020-09-17
$0
Public Record
Listing removed 2020-09-11
$0
NewOrleans
Sold 2016-01-29
$0
Public Record
Sold 2014-10-27
$0
Public Record
Sold 2004-03-01
$0
Public Record

Net Operating Income: 14400.00

Year Built: 1960
Building Area Total: 1550
Property Age: 64
Property Attached: Yes
Levels or Stories: 1

Sewer: Public Sewer
Water Source: Public

Ella Dolhonde Elementary School is a public elementary and middle school located approximately 0.7 miles away.
directions icon Map directions

Riverdale High School is a public high school located approximately 1.8 miles away.
directions icon Map directions

Archbishop Rummel Jr. High School (Boys) is a private middle and high school located approximately 0.4 miles away.
directions icon Map directions

Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.