Address: 2037 Ursulines Avenue, New Orleans, LA 70116
Motivated Seller: Bring All Offers: Gorgeous Center Hall Cottage on large, oversized corner lot now available for acquisition. HU-RD2 zoning allows for up to two (2) residential units, which could include a large 5 bed/3 bath primary unit as well as an efficiency unit at the rear as currently planned. Alternatively, the interior layout lends itself to single-family use with 3,000+ square feet of living area, including a large primary suite on the first floor if desired. The large rear yard boasts plenty of outdoor entertaining area and room for a pool! With relatively low activation costs, the partially renovated property presents an excellent opportunity to customize and complete a single-family or multi-family home, a quick flip or longer-term investment as a rental property. Please contact agent directly regarding construction scope and estimated cost for completion. The primary scope of work to complete 1st floor renovation is build out of kitchen, bathrooms, laundry room, and closets. The 2nd floor is a wide-open flexible shell and could be renovated in the future as a second phase if desired.
Price: $625,000 | $178.52 PSFEstimated Cost to Complete: $250-$300k
Appraised Value as Completed: $1,100,000
Gross Building Area: +/- 3,501 SF
Site Size: +/- 4,959 SF Corner Lot
Parking: 2 Driveway Spaces (side by side)
Zoning: HU-RD2 | Two-Family Residential District
Please contact Gordon at 504.717.3648 for additional information on available tax incentives.