Description
This is a truly unique 7th Ward multi-family property. This formerly raised basement property was transformed into a 10-studio unit building. The floor plan currently consists of five efficiency units on each level with a side hallway with front and rear entrances. Each unit has a full bath and closet. Unfortunately, the conversion was completed WITHOUT zoning approval! The ground floor is not usable as living area AT ALL, as it's below grade. The upper 5 units are not currently permitted as the area is zoned for 2-units only. IS IT possible to renovate into more units? Zoning variances MAY be possible for affordable units, so check with Zoning. Property equipped with 2 electric meters, 1 gas meter and 1 water meter. Also features an outside laundry room on the ground floor. Estimated 2184 sq footage is upper level only. The back yard is a breath-taking urban oasis with lots of green space and a lovely wood deck to enjoy it all. Bring this one back to its glory as a double/duplex or other configuration. The neighborhood is close to Historic St Augustine School and the St Bernard Ave gateway to Treme, Marigny and beyond. Investors, you don't want to miss this one.
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10BEDS
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0.11ACRES
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10BATHS
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01/2 BATHS
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2,184SQFT
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$55$/SQFT
School Ratings & Info
Description
This is a truly unique 7th Ward multi-family property. This formerly raised basement property was transformed into a 10-studio unit building. The floor plan currently consists of five efficiency units on each level with a side hallway with front and rear entrances. Each unit has a full bath and closet. Unfortunately, the conversion was completed WITHOUT zoning approval! The ground floor is not usable as living area AT ALL, as it's below grade. The upper 5 units are not currently permitted as the area is zoned for 2-units only. IS IT possible to renovate into more units? Zoning variances MAY be possible for affordable units, so check with Zoning. Property equipped with 2 electric meters, 1 gas meter and 1 water meter. Also features an outside laundry room on the ground floor. Estimated 2184 sq footage is upper level only. The back yard is a breath-taking urban oasis with lots of green space and a lovely wood deck to enjoy it all. Bring this one back to its glory as a double/duplex or other configuration. The neighborhood is close to Historic St Augustine School and the St Bernard Ave gateway to Treme, Marigny and beyond. Investors, you don't want to miss this one.
Broker and Associates are licensed in the State of Louisiana, USA.
Nola Northshore Real Estate || 985-807-1117 || Mandeville, LA.
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© 2024 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nola Northshore Real Estate. Data last updated: 2024-10-07T23:35:07.19.
Listing courtesy of Gulf South Real Estate Information Network.