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.

View FullscreenMap

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

Contact

Photograph of Listing Agent

Kasi Champagne

Reve REALTORS New Orleans, LA 70115
LACDB Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions.