Active
Commercial
1722 Esplanade Avenue
New Orleans, LA 70116
Square Ft.
7,092
$1,150,000
$100K PRICE REDUCTION. 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… Read More (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. Read Less
Courtesy of , Bridgewater Realty Advisors, LLC
Listing Snapshot
Days Online
98
Last Updated
Property Type
Retail
Square Ft.
7,092
Lot Size
0.15 Acres
MLS Number
NO2487242
Additional Details
Building
Building Area Total: 7092, Building Area Units: Square Feet, Construction Materials: "Frame", Living Area Units: Square Feet, Living Area: 7092
Lot
Lot Size Acres: 0.1543, Lot Size Area: 6720, Lot Size Dimensions: 6720, Lot Size Square Feet: 6720, Lot Size Units: Square Feet, Parcel Number: per assessor
Parking
Parking Features: "None"
Property
Property Sub Type: Retail, Zoning: HU-RD1
Sewer
Sewer: "Public Sewer"
Utilities
Water Source: "Public"
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