Address: 1216-1226 Chartres Street, New Orleans, LA 70116
French Quarter 20-Unit Multi-Family for Sale. Two (2) buildings connected by adjoining courtyards and a pool! Balconies and porches overlooking Chartres Street. Each unit is separately metered for utilities.
Tax incentives available: A Part 1 Application for Federal & State Historic Tax Credits has been submitted, to determine eligibility for Tax Credits between 25% and up to Forty-Five (45) percent total for qualifying construction expenditures. The Two original Greek Revival double townhouses, were designed in 1846 by notable architect, J.N.B: De Pouilly.
Located just between Royal Street & Decatur Street and the historic French Market, the building is located in the quiet residential section of the Quarter, but also steps to all of the world class dining and entertainment venues, the property is well positioned for condo conversion or long-term rental.
Due to extenuating circumstances, the current owners have elected to move the property after partial renovation. Approximately 60% of renovation has been completed. 10 Units in 1216 Chartres are close to “vanilla box” form. Less work has been performed on the 10 Units in 1220-26 Chartres.
Price: $4,495,000 | $224,750 Per Unit
Gross Building Area: 13,340 square feet
Unit Count: Twenty (20) Units | Five (5) 2 Bed /1 Bath & Sixteen (16) 1 Bed / 1 Bath
Site Size: Two Parcels | 22′ x 121′ & 23′ x 161′ (6,365 square feet approximately)
Zoning: VCR-2 – Vieux Carre Residential District
Please contact Gordon McLeod 504-717-3648 or Cameron Griffin 504-535-5680 for further details