Home For Sale In New Orleans, Louisiana

house for sale

Listed: 04/25/24

524 Governor Nicholls Street, New Orleans, LA 70116, USA

Studio Bed:

5,341 Sq Ft Living Area:

Price

$ 1,25M

Sold

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About This House

Historic French Quarter redevelopment opportunity with compelling tax credit potential ( Part 1 of the tax credits is approved for both buildings ). Beautiful 150+ year old brick building priced below recently appraised value and situated in an excellent French Quarter location. Further Details: - Listed below appraised value. - Full set of architectural drawings completed. - All VCC violations have been remedied. - Exterior has been repaired including new louvered shutters. - Beautiful architectural details throughout. - Part 1 of the tax credits is approved. - Construction estimate for complete renovation cost (inquire for details). Depending on the Buyer/Developer, tax credit potential could be a sizable portion of the estimated costs to complete the buildings (25% State and 20% Federal) ,

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