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Listed byREVE, REALTORS • Zachary L Russell • 504-300-0700
$ 375,000
Est. payment /mo
Active
1415-17 ALVAR ST New Orleans, LA 70117
10 Beds
4 Baths
5,040 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,040 sqft
Price per Sqft $74
MLS Listing ID 2579862
Bedrooms 10
Full Baths 4
HOA Y/N No
Year Built 1942
Acres 0.11
Lot Dimensions 40x119
Property Sub-Type Quadruplex
Source ROAM MLS
Land Area 5040
Property Description
Extremely well built 5040 sq ft building in a great location. The two upstairs units have gorgeous hardwood floors, fine craftsmanship, and have been exceptionally maintained. There's a development opportunity to renovate the downstairs into separate units, which already have plumbing, electrical, and multiple points of entry. This will turn this two unit building into a 4 unit CASH COW. 3 year old roof, preferred flood zone X. HANO payment standards give up to $1419/m per 2-bedroom unit, or $1813/m per 3-bedroom unit, which may be possible downstairs. If converting to 4 units, one unit must remain available for someone earning 80% Area Median Income, whereas the other units don't have that requirement.
Location
State LA
County Orleans
Area 0.11
Direction Turn left from St Claude, or right from N Robertson
Interior
Cooling Central Air
Fireplace No
Exterior
Parking Features Off Street
Garage Spaces 3.0
Utilities Available Natural Gas Available
Total Parking Spaces 3
Garage Yes
Building
Foundation Raised
Water Public
New Construction No
Others
Tax ID 39W310004
