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USALANew Orleans1722 Esplanade Ave
1722 Esplanade Ave, Home with 12 bedrooms, 10 bathrooms and null parking in New Orleans LA | Image 1
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$1,250,000

1722 Esplanade Ave, New Orleans, LA

Real Estate

For Sale

$--,---,---
12100
  • Key Facts
  • Description
  • Map

Key Facts

Type Townhouse
Levels Residential Income
Size 7092 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 126
Approx. Age 1920
Avg. Price Per Sqft $176
MLS® Number 2487241

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Back on market & price reduction of $150, 000. Ten units on Esplanade Avenue - restore units and keep as multifamily or convert to condos. Building needs about $200k in repairs but many units in good condition. The total rents listed on this page are pro forma rents and not the actuals. The building contains ten (10) units with eight (8) 1 bedroom 1 bathroom units, one (1) 2 bedroom 1 bathroom unit, and one (1) 2 bedroom 2 bathroom unit. The units feature beautiful hardwood flooring, marble countertops, balconies, a fenced yard, and high ceilings. The highest and best use of this property is for a purchaser to buy the building and complete the necessary renovations ($217, 762) to bring back to commerce. A condo conversion will then be completed and each condo sold off separately for a total of $2, 315, 000. With the low cost basis and renovation budget, this will allow for a decent size profit for the developer of the project.Show Description
MLS® Number2487241
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1920
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air
Heating Fuel

Extras

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