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$ 375,000
Est. payment /mo
Active
1415-17 Alvar Street New Orleans, LA 70117
4,356 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID NO2521758
Lot Size 4356.000 Acres
Acres 0.1
Property Description
Large 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, electric, 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
Interior
Heating Central
Cooling Central Air
Exterior
Exterior Feature Balcony
Parking Features Garage
Roof Type Composition
Garage true
Building
Foundation Pillar/Post/Pier
Level or Stories 2
Others
Tax ID 39W310004
Virtual Tour https://youtu.be/HPfnn-HHsuc?feature=shared
Listed by REVE, REALTORS