2226 Barracks St
New Orleans, LA 70119
4
Bedrooms
3
Bathrooms
2,832
Sq Ft
1920
Year Built
About This Property
Owner Financing Bond for Deed Terms: Down Payment: 10% due at closing, Interest Rate: 5%, Amortization: 30 years, Additional Principal Payment: 10% due at year 2, Balloon Payment: Remaining balance due at year 5 Tenant-occupied multifamily investment opportunity in a prime New Orleans location just off Esplanade Avenue. This historic income-producing property offers current in-place rental revenue of $3,922 per month, off-street parking, and a flexible three-unit configuration. Distinctive architectural character, updated interiors, and strong access to the French Quarter, Fair Grounds, CBD, and other major demand drivers make this a solid opportunity for investors seeking cash flow with long-term upside.
Property Details
Property Type
Multi_family
Year Built
1920
Lot Size
4,748.04 sq ft
HOA
None
Listed Price
$519,900
Owner Financing Terms
Why Owner Financing?
- ✓ No bank qualifying
- ✓ Bad credit OK
- ✓ Fast closing
- ✓ Flexible terms
Free account - No credit card required
Frequently Asked Questions About Owner Financing in New Orleans
What is owner financing for 2226 Barracks St?
Owner financing means the seller of 2226 Barracks St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in New Orleans, LA is available with owner financing terms.
Do I need good credit for owner financing?
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
How much is the down payment for this New Orleans home?
Down payment terms are negotiable. Sign up for free to get the specific financing details for this New Orleans property.