2232 ESPLANADE Avenue
Property Description
DOUBLE LOT! NEEDS COMPLETE REMODEL! Remodel as apartments or condos.Positioned along the iconic Esplanade Avenue corridor, 2232 Esplanade Avenue presents arare opportunity to acquire a historic multi-family redevelopment in one of New Orleans' mostdesirable neighborhoods. The property consists of five residential units with separatelymetered utilities, offering flexibility in future leasing and operations. Rich in architecturalcharacter and located within a historic district, the asset is ideally suited for a comprehensiverestoration that can capitalize on available state and federal historic tax credit programs.In addition to the existing improvements, the offering includes an adjacent lot that providesthe ability to construct up to two additional units-further enhancing the property's incomepotential and long-term upside. Situated just minutes from the French Quarter, Bayou St.John, and City Park, the location benefits from strong rental demand driven by its walkability,charm, and proximity to key cultural and recreational amenities. 2232 Esplanade Avenuerepresents a compelling value-add opportunity for investors and developers seeking toexecute a transformative project in a premier New Orleans submarket.
Broker Details
McEnery Residential, LLC (504) 605-4400
MLS ID: MAKINJON State License Number: 995701923
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $849,000 |
| No. of Units: | 5 |
| Year Built: | 1895 |
| Lot Size: | 4,245.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $169,800 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 6 |
ID: 3yd-ROAMLA-2553993
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