524 Governor Nicholls Street New Orleans, LA 70116
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 & 20% Federal)**
- Property TypeMulti-Family
- NeighborhoodOther
- CountyOrleans
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site20 Days
- MLS StatusActive Under Contract
- MLS ID Number2448126
- Home Size Source Appraiser
- Year Built1852
- Lot Size0.12 Acres
- Full Baths8
- Partial BathsN/A
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General Features
- Style Traditional
- Construction Brick
- Parking None
- Sewer Public Sewer
- Number of Stories 4
- Acreage 0.12
- Water Public
- Cross Street Decatur St., Ursulines Ave., Chartres St.
- Property Sub Type Apartment
- Foundation RaisedSlab
Interior Features
- Cooling None
- Heating None
Exterior Features
- Roof Slate
- Exterior Balcony
- Lot City LotRectangular Lot
- Patio And Porch Balcony