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House
·
for sale
USD 849,000
USD 200/sq.ft
Updated
2232 esplanade avenue
Gentilly Terrace, New Orleans city Louisiana
· 4,241 sq.ft · 2 Bedrooms · 2 Baths · House
Gentilly Terrace, New Orleans city Louisiana · 4,241 sq.ft · 2 Bedrooms · 2 Baths · House
Double lot! Needs complete remodel! Can be also redeveloped as a single family home! Positioned along the iconic Esplanade Avenue corridor, 2232 Esplanade Avenue presents a rare opportunity to acquire a historic multi-family redevelopment in one of New Orleans’ most desirable neighborhoods. The property consists of five residential units with separately metered utilities, offering flexibility in future leasing and operations. Rich in architectural character and located within a historic district, the asset is ideally suited for a comprehensive restoration that can capitalize on available state and federal historic tax credit programs. In addition to the existing improvements, the offering includes an adjacent lot that provides the ability to construct up to two additional units—further enhancing the property’s income potential and long-term upside. Situated just minutes from the French Quarter, Bayou St. John, and City Park, the location benefits from strong rental demand driven by its
Double lot! Needs complete remodel! Can be also redeveloped as a single family home! Positioned along the iconic Esplanade Avenue corridor, 2232 Esplanade Avenue presents a rare opportunity to acquire a historic multi-family redevelopment in one of New Orleans’ most desirable neighborhoods. The property consists of five residential units with separately metered utilities, offering flexibility in future leasing and operations. Rich in architectural character and located within a historic district, the asset is ideally suited for a comprehensive restoration that can capitalize on available state and federal historic tax credit programs. In addition to the existing improvements, the offering includes an adjacent lot that provides the ability to construct up to two additional units—further enhancing the property’s income potential and long-term upside. Situated just minutes from the French Quarter, Bayou St. John, and City Park, the location benefits from strong rental demand driven by its
USD 849,000