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Key Details
Sold Price $170,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,653 sqft
Price per Sqft $46
MLS Listing ID 2477298
Style Cottage
Bedrooms 7
Full Baths 6
Half Baths 1
Year Built 1958
Lot Size 2,326 Sqft
Property Sub-Type Apartment
Property Description
Nestled in the heart of historic Algiers, this multi-family package presents a unique investment opportunity brimming with potential. Fantastic opportunity to renovate and own a 6 unit compound in a residential location. Property includes 4 buildings in 1 fenced corner lot. Bldg 1201 is a raised frame, single family with 1 bedroom and 1 bath. Bldg 1201 B is a concrete slab, 2 story, single family with 2 bedrooms and 1.5 baths. Bldg 1201 C & D is a concrete slab, gutted, 2 story, 2 unit building with 1 unit up and 1 unit down - each with 1bed/1bath. Bldg 1205-1207 is a raised frame shotgun double with 1 bed/1bath on each side. Separate electric meters and 1 common water meter. Subject located on corner lot at a dead end which makes it convenient for parking.
The location could not be more convenient, mere minutes from public transportation, the bustling Federal City, and essential commuter links like the bridge and ferry. Plus, with easy parking along the dead-end street, this property ticks all boxes for accessibility. The potential for a lucrative rental income is palpable. The outdoor space each unit offers provides a private oasis in the city, making it all the more appealing in a bustling urban environment.
So, if turning spacious courtyards into charming retreats or transforming interiors into modern sanctuaries sounds like your kind of challenge, then this Algiers gem might just be your next big catch in the Crescent City's vibrant real estate market. Seize the opportunity to craft something special—where history meets potential, right on the banks of the mighty Mississippi.
Location
State LA
County Orleans
Interior
Heating None
Cooling None
Exterior
Exterior Feature Courtyard, Fence
Parking Features None
Pool None
Roof Type Shingle
Building
Lot Description City Lot, Irregular Lot
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Others
Special Listing Condition None
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Bought with Donald Julien & Associates, Inc.