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524 Governor Nicholls Street New Orleans, LA $ 1,250,000
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$ 1,250,000 Get more info
524 Governor Nicholls Street
$ 1,250,000
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524 Governor Nicholls Street

New Orleans, LA, 70116
$ 1,250,000
Bedrooms5 Baths8.0 Sq 4,687

Monthly Estimate*

$ 8,308

524 Governor Nicholls Street, New Orleans, LA 70116 - Image 1
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Multi-Family Home for sale in New Orleans, LA

for $1,250,000 with 5 bedrooms and 8 full baths. This 4,687 square foot home was built in 1852 on a lot size of 0.12.

Historic French Quarter redevelopment opportunity with compelling tax credit potential (***Part 1 of the tax credits is approved for both buildings***). Beautiful 150+ year old brick building priced below recently appraised value and situated in an excellent French Quarter location. Further Details: - Listed below appraised value. - Full set of architectural drawings completed. - All VCC violations have been remedied. - Exterior has been repaired including new louvered shutters. - Beautiful architectural details throughout. - Part 1 of the tax credits is approved. - Construction estimate for complete renovation cost (inquire for details). **Depending on the Buyer/Developer, tax credit potential could be a sizable portion of the estimated costs to complete the buildings (25% State & 20% Federal)**,

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Multi-Family Contingent

Price

$ 1,250,000

Bedrooms

5

Full Bath

8

Property Type

Multi-Family

Taxes

$ 0

Style

Traditional

Lot Size

0.12

Year Built

1852

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2448126
Features
General
Sewer Public Sewer
Heating None
Cooling None
Roof Slate
Exterior Features Balcony
Patio/Porch Features Balcony
Architectural Style Traditional
Construction Materials Brick
Year Built 1852
Stories 4
Property SubType Apartment
Accessibility Accessibility Features
County Orleans
Property Type Residential Income
Contingency Buyer Financing Contact Listing Agent
Subdivision Name Other
Total Rooms 0
Status Active Under Contract
High School Orleans Paris
City New Orleans
NumberOfUnitsTotal 6
Street Name GOVERNOR NICHOLLS
Elementary School Orleans Paris
Home Warranty Y/N 0
Middle/Junior High School Orleans Paris
Property Condition Average Condition
Days on Market 14
Standard Status Active Under Contract
Tax Lot 8
Property Sub Type Additional Apartment
Legal Description SQ 19 Lot 8 Gov Nicholls 27x95
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Exterior
Parking Features None
Lot Features City Lot Rectangular Lot
Water Source Public
Lot Size Area 0.12
Foundation Details Raised Slab
Lot Dimensions 27x95'
Lot Size Acres 0.12
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Interior
Air Conditioning Y/N 0
Heating Y/N 0
Full Baths 8
Half Baths 0
Street Suffix Street
Total Bedrooms 5
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* Excluded Features
List By
Reve, Realtors

Broker

codystringer@gmail.com

Email

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$8,308
Per Month
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Monthly Principal & Interest
$8,308
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4633718 Elementary School
4633705 Middle School
Orleans Paris High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/11/2024$1,250,000 Listed Price

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524 Governor Nicholls Street, New Orleans, LA, 70116 is a Multi-Family Home for sale at $1,250,000 with 4,687 sqft and a lot size of 0.12. 524 Governor Nicholls Street has 5 bedrooms, 8.0 baths, and was built in 1852. The property's zip code is 70116 which is in New Orleans, LA

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