359 Phosphor Ave, Metairie, LA 70005

Property Description

RARE OLD METAIRIE OPPORTUNITY, TWO SEPARATE RESIDENCES WITH ESTABLISHED RENTAL INCOME! Located on a desirable corner lot in the heart of Old Metairie, this distinctive property offers a renovated 3 bedroom, 3 full bathroom main residence plus a separate two-story, 1 bedroom, 2 full bathroom income producing residence! Offering approximately 1,917 square feet of combined living area, the property provides an appealing combination of comfortable living, flexible accommodations and rental income. The renovated main home features spacious living and dining areas, three bedrooms, three full bathrooms and opportunities for buyers to personalize the finishing touches. The approximately 753 square foot rear residence features its own kitchen, two full bathrooms and independent electric meter. This fully furnished dwelling is currently rented month-to-month for $1,800, representing $21,600 in annual gross rental income at the current rate. Imagine owning your home in Old Metairie while receiving supplemental rental income from a separate residence! The arrangement also offers potential flexibility for extended family or other permitted residential uses. Conveniently located near Metairie Road's restaurants, boutiques and neighborhood amenities, This property offers an opportunity to enjoy one of the area's most desirable locations.Two residences, separate addresses and electric meters, five full bathrooms, and established rental income- all on one Old Metairie property!