Uptown will always hold a very special place in my heart. It is where I would go in high school to drive down St. Charles Avenue and look at the massive oak trees cascading over the beautiful historic mansions and the green streetcar line! I love to go jogging in Audubon Park beneath the moss-laden oak trees and watch the ducks swimming in the ponds. And there’s no better place to watch the sunset than at The Fly along the river. Grab a blanket, a couple of beers, and your favorite music, pick your spot to lay out, catch some sun, and look out onto the mighty Mississippi River as the sun sets over the horizon.
Enjoy some outside shopping on Magazine Street, where you can take a break at one of the many cafes and restaurants or grab an ice cold beer at a neighborhood bar. Even the Riverbend part of Uptown has become a much safer area to reside than in years past. There are several bars off Carrollton Avenue to catch a Saints game, play a game of pool, or feast on some raw oysters on the half shell. And let’s not forget about Freret Street, which has grown greatly in the past five years. There is Company Burger, Bear Cat, The High Hat, Cure, Blaze Pizza, just to name a few…. It has already started to expand across Jefferson Ave and across Napoleon Avenue in the next five years.
Uptown is certainly one of the most expensive neighborhoods in all of New Orleans to rent or buy. If you decide to rent here, you will have to sacrifice space and/or amenities. Since most of Uptown didn’t flood during Hurricane Katrina, landlords have been able to get away with raising rents without making any improvements to their properties. Many of the mansions have been broken up into several apartments, some of which were thrown together quickly and poorly. You can also expect to share an on-site laundry facility and a yard (if there is a yard at all). My advice to the investor would be to buy a multi-family with three or more units, fix it up with top-of-the-line fixtures and appliances and charge top dollar in rent. Aim to find graduate students or young professionals as tenants. Maintaining the units in excellent condition and charging more in rent tends to keep away college kids, thereby decreasing the risk of damage to your property.
If you can afford to buy something Uptown and sit on it for at least 5-10 years, I would suggest the West Carrollton (AKA Leonidas) neighborhood. It’s located between S Carrollton and the Jefferson parish line, between Oak St and S Claiborne. My husband and I just bought our house in this neighborhood! I have watched the development over the past few years and am very excited about its not-so-distant future. Want to join us??
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