504-581-5005
2635 Ursulines Ave, New Orleans, LA for Sale
Multi-Family - FOR SALE
1/8
null | Request Cap Rate

2635 Ursulines Ave
New Orleans, LA 70119
Treme-Lafitte


HIGHLIGHTS

  • Excellent location
  • Historic home eligible for HTCs
  • ADU option to increase affordable housing

OVERVIEW

This rare and historic raised center hall cottage in the culturally significant Tremé district of New Orleans is now available. Recently affected by a fire, this remarkable property offers a unique redevelopment opportunity to preserve and modernize a piece of New Orleans history. With its eligibility for historic tax credits, restore while maximizing financial incentives to offset constructions costs by 45% when holding it for at least 5 years. An additional dwelling (ADU) could be added to this large lot for affordable housing. The Tremé is a vibrant neighborhood, and this property is close to historic City Park, Bayou St. John, and tree-lined Esplanade Avenue. It is a prime investment for developers, homeowners, or preservation enthusiasts. Upstairs Unit (1) - 2,200 sf A spacious 2,200-sf home with a classic center hall layout and stunning architectural details that include pocket doors and 7’ windows. The unit features three bedrooms, including a master suite with an ensuite bathroom, two full bathrooms, a large kitchen, a living room, and a sunroom. Basement Units (2) - 1,100 sf each Each 1,100-sf unit features two bedrooms, one bathroom, and living space, making these perfect for rental income or additional family accommodation.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

3

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1870

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,293 SF

ZONING

R

APN/PARCEL ID

2-08-1-085-12

ASK ABOUT THIS PROPERTY

Lawless TurnerCorporate RealtyMore Info
504-581-5005

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Lawless TurnerCorporate RealtyMore Info
504-581-5005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.