About 1722 Esplanade Av
$100K PRICE REDUCTION. Seller is open to partnership or joint venture with buyer. 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. State and federal historic tax credits. 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.
Features of 1722 Esplanade Av
| MLS® # | 2487241 |
|---|---|
| Price | $1,150,000 |
| Bedrooms | 12 |
| Bathrooms | 10.00 |
| Full Baths | 10 |
| Square Footage | 7,092 |
| Acres | 0.00 |
| Year Built | 1920 |
| Type | Multi-Family |
| Sub-Type | Townhouse |
| Status | Active |
Community Information
| Address | 1722 Esplanade Av |
|---|---|
| City | New Orleans |
| County | Orleans |
| State | Louisiana |
| Zip Code | 70116 |
Amenities
| Parking | None |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central |
|---|---|
| Cooling | CentralAir |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Frame, Wood Siding |
|---|---|
| Lot Description | City Lot, Rectangular Lot |
| Roof | Shingle |
| Construction | Frame, Wood Siding |
| Foundation | Raised |
Additional Information
| Days on Market | 252 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
| Listing Provided By | Bridgewater Realty Advisors, LLC |