623 Alvar

The Rainbow 4plex: Your Next Bright Investment

Your Gateway to Bywater's Thriving Real Estate Scene!

Welcome to The Rainbow 4Plex, an exceptional ​investment opportunity nestled in the heart of ​the vibrant Bywater neighborhood.

Dive into property investing with the Rainbow ​Fourplex in New Orleans' Bywater, perfect for ​those entering the game.

Stability and Opportunity Merge:

Prime Proximity

The Bywater neighborhood is a hub of culture, brimming with artistic expression, eclectic dining, and a dynamic job market. This prime proximity ensures your investment remains desirable to both long-term tenants and potential buyers in the future.

PROTECTED location

One of the standout features of this property is its desirable flood zone classification – flood zone X. Rest easy knowing your investment is safeguarded against unnecessary risks.

The property's location on higher ground will also help by lowering overall property insurance premiums.

Tenant-Paid Utilities via Separate Meters

Each unit has its own separate gas and electric meters, placing the responsibility for these utilities squarely on the tenants' shoulders. T

Tankless Water Heaters

Efficiency is the name of the game, with tankless water heaters installed in each unit, promoting water use efficiency and reducing maintenance demands.

Fo​rtified roof

Brand new fortified roof majorly ​reduces insurance costs and stress ​of ownership as well. Premiums ​quote​d starting at $6200.

Expert Management, Peace of Mind

Meticulous Care by Local Professionals

A local property management team, backed by ​years of experience and a contractor, ensures ​that the property is impeccably cared for, ​minimizing the hassle and maximizing your ​returns.

Hidden Potential Unveiled

Uncover even more potential with a hidden gem – a former one-bedroom unit within an ADU at the rear of the property. With some thoughtful investment, this space could yield an additional $1000+ in monthly rent or serve as a charming pied-à-terre for those seeking occasional visits to the city.

Cost to repair into a brilliant one bedroom unit estimated at just under $30,000.

Elevate Your Portfolio

Currently generating solid rent for the existing fo​ur units, The Rainbow Four-Plex still presents an​ opportunity to increase your income. These te​nants, content in their surroundings, are on mo​nth-to-month leases, affording you flexibility in​ your investment strategy.

U​n​it 1 - $1250/month

Un​it 2 - vacant up to $1600/month market-rate

U​nit 3 - $ 1175/month

U​nit 4 & 5 - $1150 /month

(​potential $1000 from 5th unit)

Join the ranks

Join the Ranks of Diverse and Visionary Buyers

Who's already invested in the neighborhood? In addition to native New Orleanians, the recent purchases of properties with three units or more in Bywater include a fitness instructor from LA, a New York City risk manager, and an engineer embracing simplicity.

It's clear that The Rainbow Four-Plex offers more than just financial rewards – it offers a stake in a community and a chance to become a part of the story of an evolving neighborhood

Seize your opportunity today

Don't miss your chance to own a piece of ​Bywater's future while securing your own ​financial success.

Ready to seize this opportunity? Serious ​inquiries with prequalification or proof of funds ​can schedule showings to witness the potential ​firsthand. The asking price for this exceptional ​investment stands at $560,000.​

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