2200 Ursulines Ave
New Orleans, LA 70119
2200 Ursuline Treme Lafitte Multifamily Prop · Immeuble residentiel Bien À vendre · 4 Lots

***Owner Financing - see terms below*** The Ursulines Ave corridor is under rapid development. This section is filled with historic properties and local treasures. One by one, each of the older homes is being purchased and updated. You would be joining this exciting phase of development!
*I recommend adjusting the "Cap Rate." The buyer will need to complete the renovation. When I adjusted by adding $100K to $120K for renovations, it brings the Cap Rate to 10%. All of the numbers used above are estimates only. Your goals for the renovation could increase or decrease the costs. Your plans for rental rates could differ. I used $1500 x 3 residential units and $2000 for the front corner facing commercial unit. These are based on the lower end of local market rate rents.
***Owner Financing - Historic Tax Credits Available*** - Reach out for the details - The Ursulines Ave corridor is under rapid development. This section is filled with historic properties and local treasures. One by one, each of the older homes is being purchased and updated. You would be joining
Unlock massive upside with this versatile 5-unit property perfectly positioned at the crossroads of Treme-Lafitte, Esplanade Ridge, Mid-City, and the 7th Ward. Significant historic tax credits available to dramatically offset your development costs.. This is a great option for buyers seeking an ambitious renovation project or rehab investment.
Are you a savvy house hacker or looking for a strategic value-add investment? This unique real estate opportunity offers the ultimate flexibility to be configured as a high-yield, fully residential multifamily complex or a vibrant mixed-use property.
Whether you are looking to build a robust short-term rental portfolio, create a live-work space, or a solid long-term rental income earner in a culturally rich, high-demand New Orleans neighborhood, this asset is primed for maximum equity growth.
Location: Treme / Esplanade Ridge border
Units: 4 (Residential or Mixed-Use)
Incentives: Rehab Tax Credits
***Owner Financing - 10% Down Payment - Buyer to pay annual property taxes and insurances. Payments of $1000 - $2000 a month - 0% interest - Buyer to refinance in 1 to 7 years. These terms assume a full priced offer. These terms do not guarantee offer acceptance. Seller will review your proposal and decide.