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1400 Governor Nicholls Street
New Orleans, LA 70116

$799,000 - Status: Active
SQFT: 4,914
MLS# 2532374

Great opportunity for buyers looking to avoid Standard financing. Bond for deed terms are as follows: Only 15% down payment. Financing terms include a 6% interest rate for Years 1?3, followed by a 7% interest rate for Years 4?5. Rare and highly enticing opportunity to own a corner stucco 6-plex in the heart of Historic Treme?one of New Orleans' most vibrant and culturally rich neighborhoods. This income-producing property features separate water and electric meters and currently generates $6,702 per month, with projected rents exceeding $8,000 at full occupancy. If you are investors seeking strong cash flow or owner-occupants wanting to live in one unit while the others offset expenses. Enjoy a charming gated shared courtyard and an unbeatable location just one block from Esplanade Avenue and only steps from the French Quarter. Walk to iconic historic shops, renowned neighborhood restaurants, local bars and pubs, coffee houses, and the very best tours and attractions the Quarter has to offer. Seller is offering creative financing for up to 5 years with negotiable terms?an exceptional chance to own a prime New Orleans asset and elevate your investment portfolio. Measurements are approximate and should be verified by purchaser and/or purchasers agent. Seller requires all buyers to view property prior to submitting an offer!

Property Features

MLS#: 2532374
Zip: 70116
Subdivision:
Development:
Property Type: Multi Unit - Multiple
Number of Units: 6
Cooling: Central Air
Days on Site: 144
Heating: Central
Home Style: Other, Traditional
Lot Size: 0.14 acres
Roof Type: Shingle
Stories: 2.0

Feature Descriptions

Exterior: Brick, Stucco
Lot Description: City Lot, Rectangular Lot
Lot Dimensions: 56 x 53 x 73 x54
Parking: None
Property Condition: Very Good Condition
Sewer: Public Sewer
Units: 6
Water: Public

1400 Governor Nicholls Street | MLS# 2532374

This multi-family property located at 1400 Governor Nicholls Street, New Orleans, LA 70116 is currently listed for sale with an asking price of $799,000. Search New Orleans real estate on www.riccire.com today.

Listed By / Shown By

Listed By

Agency Name: Demand Realty
Agency Phone: (504) 837-3000

Shown By

Agency Title: Ricci Real Estate
Agency Phone: (504) 372-0050

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