HU-MU- STR & $60,000 Tax Credits

Multi-Family for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30854118
Property Subtypes: Duplex/Fourplex, Mixed Use, Other
Number of Units: 2 Units
Building Size (RSF): 3,848 SF
Gross Building Area: 3,838 SF
Sale Price: $710,000
Unit Price: $355,000 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Vacation Rental Income: Yes
Last Updated: 2/22/2024

Overview / Comments

Located just 5 blocks from St. Charles Avenue in Uptown New Orleans, this spacious duplex offers two units, each with 4 bedrooms and 2 bathrooms. The upstairs unit features original hardwood floors, high ceilings, and beautiful woodwork, with recent renovations enhancing its appeal. With its flexible HU-MU zoning, this property is primed for various uses, whether it's creating a dynamic commercial space, developing a mixed-use property, or crafting a luxurious residential haven. The short-term rental option adds another layer of appeal, opening doors to additional income streams for prospective buyers. Moreover, the property offers approximately $60,000 in assumable historic tax credits, further enhancing its investment potential and providing valuable incentives.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 614310109
Property Located Between: Saratoga and Loyola
Property Condition: Good
Number of Stories: 2
Year Built: 1938
Year Renovated: 2021
Heat Source: Central
Legal Description: SQ 512 LOT 8 LOUISIANA 30 X 128 2108-08 1/2 DUP-W MA CORRECTED 2/7/01 FILE #55250 WOP FAM.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 36,502 190,321 404,079
Median Age: 36.47 36.06 37.03
Households: 17,437 82,651 169,245


Photograph of Listing Agent

Kasi Champagne

Reve REALTORS New Orleans, LA 70115
LACDB Member
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