Addresses: 2500-02 Freret, 2504-06 Freret, 2508-10 Freret, 2512-14 Freret, 2516-18 Freret, 2520-22 Freret, 2528-30 Freret
Excellent investment opportunity in the Heart of New Orleans! Located just one block off Lasalle and several blocks from Louisiana Avenue, the improvements consist of seven (7) separate buildings containing a total of fourteen (14) Two Bedroom, One Bath Units with a Net Rentable Area of 11,302 SF.
Six (6) of the seven (7) doubles have Part I & Part II historic tax credit applications approved. Five (5) of the Freret doubles are approximately 85% complete, with the kitchens and bathroom and various finish work to be completed, meaning the accrued HTCs can transfer to a new owner to complete renovation.
Price: $1,600,000 total
Unit Count: Fourteen (14) Two-Bedroom (2 BR/1BA)
Zoning: HU-RD2 Historic Urban Two-Family Residential District.
Gross Rent Potential: Estimated at $16,800 per month.
Please Contact Gordon McLeod (504.717.3648) for details